UK Budget Includes Tax Relief for Game Developers

March 24, 2010 -

A good day for the videogame industry continues as UK developers are one step closer to realizing tax relief, following news that the Labour Party budget includes such a provision.

The tax relief would be very similar to that which the film industry currently operates under, writes Develop. The budget report stated, “The Government announces that, following consultation on design, it will introduce a tax relief for the UK's video games industry, subject to state aid approval from the European Commission.”

Game industry group TIGA, who has been dogged in its lobbying efforts for tax relief, called the news “a decisive decision,” and said that tax relief “would be good for the UK games industry, good for UK consumers and good for the wider UK economy.”

TIGA CEO Richard Wilson stated:

For Games Tax Relief to be announced in the Budget is the decisive breakthrough that TIGA has campaigned for. Ministers have made the right decision at the right time for the right industry. Government Ministers are to be warmly congratulated for their visionary decision.
 

TIGA now looks to the Opposition parties to give their full support to Games Tax Relief in the Finance Bill.

To qualify for the tax breaks, TIGA said that games would need to pass a cultural test, which would involve “scoring against criteria of European heritage and game locations, languages, innovation, narrative, and location of development and key development staff.”

Philip Oliver, the CEO of Blitz Games Studios, offered TIGA a pat on the back, saying, “TIGA has worked tirelessly to raise the profile of our industry among Government and Parliamentarians. Today’s decision is proof that this hard work has paid off.”


Comments

Re: UK Budget Includes Tax Relief for Game Developers

You would have to be very naive to vote for a political party on the basis of one small tax break. I know that the arts and media industry will receive a lot of focus now as there is little manufacturing in the UK so they have to look at other sectors apart from the finance industry (which is affected the most by the economy) to provide security and growth for the economy.

Re: UK Budget Includes Tax Relief for Game Developers

GamePolitics - where wholly positive news stories receive little to no commentary.

 

-- teh moominz --

Re: UK Budget Includes Tax Relief for Game Developers

GamePolitics: Where news about tax breaks for game developers is just as boring as news about tax breaks for anyone else.

--------------------------------------------------

I LIKE the fence. I get 2 groups to laugh at then.

-------------------------------------------------- I LIKE the fence. I get 2 groups to laugh at then.

Re: UK Budget Includes Tax Relief for Game Developers

Not unless you work in the industry, have been following the ne... oh no, that's right - you turned into a troll after Dennis left.

/end

-- teh moominz --

Re: UK Budget Includes Tax Relief for Game Developers

"Not unless you work in the industry,"

And how many of the regulars round here do you think THAT applies to? 3, maybe 4 people? It would certainly explain why no-one ever gives a damn enough to comment on articles like these when they crop up.

It's not like there is even anything to discuss, and is it really better to get 40 comments all saying "This is good" instead of people assuming the fact it's good speaks for itself.

P.S. I was a troll BEFORE Dennis left, as many will attest to. You'd know that too if you weren't as observant as a piece of pocket lint.

--------------------------------------------------

I LIKE the fence. I get 2 groups to laugh at then.

-------------------------------------------------- I LIKE the fence. I get 2 groups to laugh at then.

Re: UK Budget Includes Tax Relief for Game Developers

Everyone is indeed welcome to their opinion, but the news is very important to us in the UK games industry.

As for whether it'll affect my vote in the election, I'm unsure. I wouldn't be voting with confidence in Labour if I did.

Re: UK Budget Includes Tax Relief for Game Developers

Quite unfortunate but often true.

Re: UK Budget Includes Tax Relief for Game Developers

Hard to believe it's finally been announced, particularly after last December where, if I recall correctly, Darling effectively said 'no' to tax relief for the industry.

I'd like to see what Ed Vaizey has to say (and potentially offer) too!

 
Forgot your password?
Username :
Password :

Shout box

You're not permitted to post shouts.
MattsworknameHey, slightly off topic, but, anyone got a good sugestion for a flight stick for elite dangerous?04/21/2015 - 12:38am
Matthew Wilson@pm intreasting the gta5 port was already good from what I have read.04/20/2015 - 9:32pm
Papa Midnighthttp://www.pcgamer.com/gta-5-pc-patch-reduces-cpu-usage/04/20/2015 - 9:00pm
PHX Corp@zippy I'm Probaly going to Warn my uncle who is a techie that it may come out at the end of july04/20/2015 - 8:45pm
Matthew Wilson@zippy I want windows 10 badly, but that is because I am stuck on 8.1 yuk. that being said the new dx12 looks very good, and the reported performance gain from it.04/20/2015 - 8:00pm
ZippyDSMleeMy body is readY! http://www.afterdawn.com/news/article.cfm/2015/04/20/amd-microsoft-to-launch-windows-10-at-the-end-of-july04/20/2015 - 7:54pm
PHX CorpI may have posted this before but a leaked email from Sony pictures has the MPAA written all over it http://www.extremetech.com/computing/203654-leaked-sony-emails-show-mpaas-opposition-to-fair-use-confirms-users-are-viewed-as-thieves04/20/2015 - 4:53pm
Mattsworknameyet another reason the DMCA should be dismantled and rewritten04/20/2015 - 4:41pm
Matthew Wilson@zippy that is worse than the ESA thing.04/20/2015 - 4:26pm
ZippyDSMlee0-o good luck with that car companies, http://www.autoblog.com/2015/04/20/automakers-gearheads-car-repairs/04/20/2015 - 4:07pm
Andrew EisenYes, hence my subsequent shout.04/20/2015 - 3:15pm
Matthew Wilsonwhile the article itself isnt that great, but the point is still valid.04/20/2015 - 3:14pm
Andrew EisenProfessionals do need to be mindful of what they say on social media though. That's true.04/20/2015 - 3:11pm
Andrew EisenWell, it was almost a decent article from Techraptor. Some day. Some day...04/20/2015 - 3:09pm
Matthew Wilsonhttp://techraptor.net/content/gamings-pr-problem both game devs and pr people alike need to to keep in mind, when your on twiter you are also representing the company you work for.04/20/2015 - 2:39pm
E. Zachary KnightI don't really care either way, but that was just my understanding based on previous reads.04/20/2015 - 2:13pm
E. Zachary KnightBut now I am confused. I thought Johnny Storm was the adopted one, but the dad is black. Does that mean that Sue is adopted or is it just an interracial marriage with existing children?04/20/2015 - 2:12pm
E. Zachary KnightNew Fantastic 4 trailer finally shows powers and just a wee bit of whimsy. Not too much mind you. No need to dilute the dark and brooding. http://www.comingsoon.net/movies/trailers/431505-the-new-trailer-for-fantastic-four-is-here04/20/2015 - 2:11pm
E. Zachary KnightOk. Just checked another of my Twitter accounts and there is a setting, opt-in. So it looks like a slow roll out.04/20/2015 - 1:17pm
E. Zachary KnightI agree. I looked but could not find any settings for DMs. So either there is no opt-out or they are slowly rolling it out one block of users at a time.04/20/2015 - 1:11pm
 

Be Heard - Contact Your Politician