UK Game Industry Tax Break 'Four Years Away'

December 3, 2010 -

UK Department for Culture, Media and Sport minister Ed Vaizey said at a recent meeting that tax breaks for the UK games industry could be a long ways away. Speaking recently at DCMS select committee meeting, MP Vaizey said that tax incentives for the interactive entertainment industry could be off the table for three to four years. He also said that he would encourage trade group TIGA to look for alternatives to tax incentives for the industry.

When asked if tax incentives were completely off the table, Vaizey said that he would "encourage TIGA in particular to look at other creative options."

Those other options include "regional growth funds" and direct support from the government - specifically the Department for Business, Innovation and Skills.

Source: GameSpot UK

Posted in

Comments

Re: UK Game Industry Tax Break 'Four Years Away'

Four year's time is better than never...

"Vaizey said that he would "encourage TIGA in particular to look at other creative options."

Those other options include "regional growth funds" and direct support from the government - specifically the Department for Business, Innovation and Skills."

That's a good point, there are alternatives to tax breaks. However, the games industry wasn't asking for investment of public funds, just a reduction in what they have to pay, in line with other countries.

Forgot your password?
Username :
Password :

Shout box

You're not permitted to post shouts.
InfophileRetailer exclusives are the worst preorders, especially when there's more than one. It's just trying to take advantage of the hardcore fans who want all the bonuses.08/31/2015 - 5:00pm
Andrew EisenNeat idea for a comic: single parent trying to raise a kid with superpowers. http://www.dennis-liu.com/08/31/2015 - 4:35pm
Goth_SkunkFound a fascinating youtube series from The Oxford Union: Right To Free Speech And Right To Offend. http://ow.ly/RBGLH08/31/2015 - 4:31pm
Goth_SkunkBig Perm sure likes people's hair. Sadly, I shave my head bald, so I will never be noticed by their fine tastes. D:>08/31/2015 - 4:28pm
Andrew EisenMethinks Super Podcast Action Committee will be talking pre-order shenanigans this weekend!08/31/2015 - 3:59pm
Andrew Eisenhttp://www.capcom-unity.com/gregaman/blog/2015/08/31/sfv-pre-order-costumes-and-collectors-edition-for-north-america08/31/2015 - 3:52pm
Andrew EisenMore pre-order crap but pretty neat alt-costumes for Street Fighter 5. Love it when they take the time to model new outfits and hairstyles as opposed to going the easy route with a palette swap. Pick your favorite because each is retailer exclusive...08/31/2015 - 3:52pm
WymorenceI wish I could say I'm surprised by Squenix's actions here, but I recall one of the last Tomb Raiders doing the same thing...08/31/2015 - 3:49pm
PHX Corphttp://www.polygon.com/2015/8/31/9232741/deux-ex-mankind-divided-preorder-stunt Deux Ex: Mankind Divided is the latest AAA game to hold its biggest fans in contempt08/31/2015 - 2:49pm
Big PermHer hair does look pretty good tho08/31/2015 - 2:34pm
Brad GlasgowIt's the same argument as all her videos. She argues that the tropes reinforce bad behavior. She has no evidence to support that.08/31/2015 - 2:27pm
InfophilePredictions: 1) People will be mad and criticize her without even watching the video. 2) People will be upset that she criticizes things they like without thinking about whether the criticism has merit08/31/2015 - 1:29pm
E. Zachary KnightYay! New Tropes Vs Women in Games video. https://www.youtube.com/watch?v=QC6oxBLXtkU08/31/2015 - 11:33am
E. Zachary KnightPHX, I love the comic. Also, I love the story of shear paranoia on the part of the MPAA.08/31/2015 - 9:41am
PHX Corphttps://torrentfreak.com/mpaa-demands-extraordinary-measures-to-prevent-piracy-150830/ MPAA Demands Extraordinary Measures To Prevent Piracy08/31/2015 - 7:52am
PHX Corphttp://www.neogaf.com/forum/showpost.php?p=176931667&postcount=12 although it's a little late, a comic strip on neogaf about the "release it now, patch it later" culture08/30/2015 - 7:37am
Papa MidnightBack to when, RedMade? A week ago? (seriously, though...)08/30/2015 - 1:55am
RedMageOh hey, a news station is trying to scapegoat gaming. That takes me back. https://twitter.com/GamingAnarchist/status/63754361236507443208/29/2015 - 1:40pm
Big PermA link to TB twitter with Matt Lees in the replies - https://twitter.com/Totalbiscuit/status/52528604482949939208/29/2015 - 12:16pm
Brad GlasgowWhy would he say the company lies about getting abuse? Oh, because people don't abuse GG?08/29/2015 - 10:38am

Be Heard - Contact Your Politician