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.

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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.

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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!

 
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Adam802http://www.polygon.com/2014/4/18/5627928/newtown-video-game-addiction-forum04/18/2014 - 4:14pm
Matthew Wilsonit is a video talking about why certain games/products/consoles do well, and others do not. he back it up with solid research.04/18/2014 - 3:56pm
Andrew EisenI'm not keen on blind links. What is it?04/18/2014 - 3:45pm
Matthew Wilsonthis is worth a whatch https://www.youtube.com/watch?v=MyXcr6sDRtw&list=PL35FE5C4B157509C904/18/2014 - 3:43pm
MaskedPixelanteNumber 3: Night Dive was brought to the attention of the public by a massive game recovery, and yet most of their released catalogue consists of games that other people did the hard work of getting re-released.04/17/2014 - 8:46pm
MaskedPixelanteNumber 2: If Humongous Entertainment wanted their stuff on Steam, why didn't they talk to their parent company, which does have a number of games published on Steam?04/17/2014 - 8:45pm
MaskedPixelanteNumber 1: When Night Dive spent the better part of a year teasing the return of true classics, having their big content dump be edutainment is kind of a kick in the stomach.04/17/2014 - 8:44pm
Matthew Wilsonhttp://www.giantbomb.com/articles/jeff-gerstmann-heads-to-new-york-takes-questions/1100-4900/ He talks about the future games press and the games industry. It is worth your time even though it is a bit long, and stay for the QA. There are some good QA04/17/2014 - 5:28pm
IanCErm so they shouldn't sell edutainment at all? Why?04/17/2014 - 4:42pm
MaskedPixelanteNot that linkable, go onto Steam and there's stuff like Pajama Sam on the front-page, courtesy of Night Dive.04/17/2014 - 4:13pm
Andrew EisenOkay, again, please, please, PLEASE get in a habit of linking to whatever you're talking about.04/17/2014 - 4:05pm
MaskedPixelanteAnother round of Night Dive teasing and promising turns out to be stupid edutainment games. Thanks for wasting all our time, guys. See you never.04/17/2014 - 3:44pm
Matthew WilsonAgain the consequences were not only foreseeable, but very likely. anyone who understood supply demand curvs knew that was going to happen. SF has been a econ/trade hub for the last hundred years.04/17/2014 - 2:45pm
Andrew EisenMixedPixelante - Would you like to expand on that?04/17/2014 - 2:43pm
MaskedPixelanteWell, I am officially done with Night Dive Studios. Unless they can bring something worthwhile back, I'm never buying another game from them.04/17/2014 - 2:29pm
PHX Corphttp://www.msnbc.com/ronan-farrow/watch/video-games-continue-to-break-the-mold-229561923638 Ronan Farrow Daily on Video games breaking the mold04/17/2014 - 2:13pm
NeenekoAh yes, because by building something nice they were just asking for people to come push them out. Consequences are protested all the time when other people are implementing them.04/17/2014 - 2:06pm
Matthew Wilsonok than they should not protest when the consequences of that choice occur.04/17/2014 - 1:06pm
NeenekoIf people want tall buildings, plenty of other cities with them. Part of freedom and markets is communities deciding what they do and do not want built in their collective space.04/17/2014 - 12:55pm
Sora-ChanI realize that they have ways getting around it, but one reason might be due to earthquakes.04/17/2014 - 4:42am
 

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