Reviewed by a Qualified Accountant
This content has been reviewed by our qualified chartered accountants. However, you should always check with a professional. If you have any questions at all, don’t hesitate to get in touch.
With gaming and streaming careers on the rise, whether you’re hosting a Twitch channel, competing in esports tournaments, or creating content on YouTube, it’s essential to understand which expenses you can claim against your taxable income. Managing these costs can feel overwhelming, but as accountants who understand the gaming industry, we’re here to guide you.
Below, we’ll highlight common expenses UK-based gamers and streamers could claim, helping you keep more of your hard-earned income. Remember: HMRC requires that expenses be incurred wholly and exclusively for the purpose of your trade. If you’re not certain, consult a tax professional (us!).
Equipment & Hardware
🖥️ Gaming PCs & Consoles
Costs for purchasing, upgrading, and maintaining your main gaming setups.
🎧 Headsets & Microphones
Expenses for quality audio gear ensuring crisp communication and commentary.
📷 Cameras & Lighting
Costs for webcams, DSLRs, ring lights, and other lighting equipment to enhance your stream’s visuals.
⌨️ Keyboards, Mice & Controllers
Expenses for peripherals essential for creating content or competing at a high level.
🔒 Equipment Insurance
Premiums for insuring your gaming equipment against damage or theft.
And more…
As long as the equipment is used wholly and exclusively for your gaming or streaming business, it may be deductible.
Software & Digital Tools
💻 Streaming & Editing Software
Costs for broadcasting tools, video editing suites, and audio processing software.
🎵 Royalty-Free Music & Subscriptions
Fees for music libraries and subscription services that help avoid copyright issues.
🛡️ Security & Antivirus Software
Expenses for digital security measures to protect your content and online presence.
And more…
Any software required solely for your professional activity can potentially be claimed.
Games & In-Game Purchases
🎮 Video Games
Costs for purchasing games you stream or use as content on your channel.
💎 In-Game Upgrades & Battle Passes
Expenses for DLCs, skins, and battle passes used to enhance viewer experience or create new content.
And more…
If you bought it for professional streaming or content creation, there’s a good chance it’s deductible.
Internet & Hosting
🌐 High-Speed Internet
Costs for fast and reliable broadband essential for streaming quality.
💻 Web Hosting & Domain Fees
Expenses for maintaining your personal website or content platform.
And more…
As long as the service is for business use, you can often claim these costs.
Studio & Workspace
🏠 Use of Home as an Office/Studio
A portion of your home-related costs (rent or mortgage interest, utilities, insurance) if you stream from home.
💡 Utilities for Your Studio Space
Costs for electricity, heating, or water if you rent a dedicated studio.
🧹 Maintenance & Repairs
Expenses for keeping your workspace functional and presentable.
And more…
Ensure you keep records justifying the business use of any dedicated area.
Travel & Events
🚗 Mileage & Transport
Expenses for travelling to gaming events, conventions, tournaments, or sponsor meetings.
🏨 Accommodation
Hotel or Airbnb costs when you attend events or competitions away from home.
🍽️ Meals While Travelling
Reasonable meal costs when you’re away on business, such as tournaments in another city.
🅿️ Parking & Tolls
Fees for parking and toll roads during business trips.
And more…
Keep detailed records and receipts of your travel to substantiate these claims.
Marketing & Promotion
🌐 Website & Hosting
Costs to maintain a professional website showcasing your brand.
📢 Advertising & Sponsored Posts
Expenses for social media ads, influencer collaborations, or professional marketing services.
📸 Photography & Videography
Costs for professional headshots, promotional trailers, and highlight reels.
🛍️ Merchandise Design & Promotion
Fees for commissioned artwork, graphic design, or promo materials related to your brand.
And more…
If it’s geared towards attracting viewers or sponsors, it’s likely a valid expense.
Professional Services
📑 Accountancy Fees
Professional fees for accountants or tax advisors specialising in gaming and streaming.
⚖️ Legal Fees
Expenses for legal advice, contract reviews, or trademark registrations.
🛡️ Insurance
Business liability insurance or other relevant cover.
🏦 Bank Charges & Fees
Charges on your business bank account or card transaction fees.
And more…
Expert support helps ensure compliance and can save you money in the long run.
