New Tiga Report Calls for Better R&D Tax Credits

March 9, 2011 -

UK games industry trade group TIGA today published a new report called "Powering a high technology recovery: proposals for improving R&D tax credits," which continues to urge the government to improve the research and development tax credit to better support the interactive entertainment industry.

The report focuses on how the R&D tax credits system can be improved for the UK games industry. TIGA says that its proposals for the R&D tax credits would "deliver 60 - 75 percent more value to games studios than the current R&D tax credit regime." This, it says would enable studios to invest more in R&D, generate and retain new IP, and hire more development staff.

TIGA offers the following key proposals:

Scope: The scope of R&D tax credits credit should be expanded to include other associated costs incurred in the development of a new game: premises costs, the costs of applying for IP protection and design costs.

Rate of relief: The rate of relief under the SME R&D tax credit scheme should be increased from 175% of qualifying expenditure to at least 200%. This would mean that for every pound that an SME spends of qualifying expenditure it would get two pounds of tax deduction which it would use to reduce its corporation tax.

Assistance for loss making companies: SME R&D tax relief should be reformed to help loss making companies. At present, loss making businesses receive 24p for every £1 spent on qualifying expenditure. This should be increased to 28p for every £1 spent, so that loss making, R&D intensive firms also share in our proposed rate of relief.

Process: The claims process should be simplified. Developers should have a named contact within their HMRC R&D Unit to approach with questions about the eligibility of their costs and activities. Further, it would be helpful if the Government could speed up the delivery of the R&D tax relief, which is of course a retrospective form of assistance, and commit to a deadline for approval and settlement of each claim.

"This report highlights how the R&D tax credits system can be reformed to power a high technology recovery," said Tiga CEO Richard Wilson. "The UK video games industry is a high tech, highly skilled and export oriented industry that needs the right support from Government to continue to flourish. The R&D tax credits system should be reformed to promote additional investment in R&D particularly in small and medium sized enterprises. We call on the Government to support the UK video games industry by introducing TIGA’s proposals to improve the R&D tax credits in the forthcoming Budget."


 
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MattsworknameFrom rares golden days they come, thse clasics of old. Plus, the battletoads arcade game08/03/2015 - 8:30pm
Andrew EisenI am a big Rare fan though. Many of its games are some of my absolute favorites.08/03/2015 - 8:09pm
MattsworknameAndrew: Thats fair enough, most of the games on it are games i've not played in long times, and some are games I never heard of , so I want it, but, in some cases, its may not appeal, and I can understand that08/03/2015 - 7:56pm
Andrew EisenAs for Rare Replay, I wouldn't get it even if I owned an Xbox One because I already own or have played all the Rare games that interest me.08/03/2015 - 7:54pm
Andrew EisenSounds like the packs the Ghostbusters were wearing during their hospital visit the other day were just early prototypes, not evidence of multiple packs in the film. Maybe they couldn't get the actual props off the set?08/03/2015 - 7:45pm
benohawkI won't be getting it soon since I don't have an xbone, but it's getting me to put serious thought to picking one up08/03/2015 - 7:37pm
PHX Corp@MWN I'm Probaly going to get it after my birthday08/03/2015 - 7:28pm
MattsworknameAnyone else going, or anyone else getting rare replay?08/03/2015 - 7:06pm
MattsworknameON another subject, Im super pumped, cause tomarow I get rare replay, and wensday Im going to DBZ resurection of Freeza08/03/2015 - 7:01pm
MattsworknameDoc:: Thanks for the link, but im not interested in bickering with IP about anything. as ive noted, ive not need to argue with him'08/03/2015 - 6:58pm
Andrew EisenOne of the major points of contention seems to be whether or not TB shared or linked to a specific video, something that should be fairly easy to verify.08/03/2015 - 6:53pm
Andrew EisenNice to know what TB was referring to. What I'd like to observe is that this Kaiser chap was merely stating his opinion on his Twitter. He didn't tag in TB or GOG. So, I wouldn't classify this (and just THIS specifically) as harassment.08/03/2015 - 6:48pm
DocMelonheadAnd TB's Response: https://soundcloud.com/totalbiscuit/enough08/03/2015 - 6:41pm
DocMelonheadMWK and IP: but if you want something recent for both of you to bicker about in regards to TB, I present you the Rowan Kaiser Slandering TB: https://archive.is/LEA5T08/03/2015 - 6:41pm
Mattsworknametreatment. might have made him just a bit bitter08/03/2015 - 6:38pm
MattsworknameDOC: Tb is an opionated dude who holds extremely strong beliefs and has a severe distaste for those he views as being on the other side of the gamergate isue. I think a big part of it might be all those who went after him when he was undergoing cancer08/03/2015 - 6:38pm
DocMelonheadIP: You have to remember the human, everyone shouldn't be treated as gods or devils. Otherwise, we could've kill Bill Cosby for raping 40 women over the course of his career.08/03/2015 - 6:37pm
DocMelonheadIP: So yeah, he did spread misinformation about the victims of Gamergate Harassment: And that's bad. But It's not worth calling him out as a horrible person because of those lies that he helps spread.08/03/2015 - 6:33pm
MattsworknameAndrew: i know, I know, im just being a bit over serious today.08/03/2015 - 6:33pm
DocMelonheadIP: Should we call out Game Politics for their refusal to exclude all of Gamergate that isn't Hate speech or harassment? Because that is what your attitude tells me.08/03/2015 - 6:28pm
 

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