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.
ZippyDSMleePaypal shuts down Mega's payment system. https://torrentfreak.com/under-u-s-pressure-paypal-nukes-mega-for-encrypting-files-150227/03/01/2015 - 3:25pm
Matthew Wilsonvalvle planning to release a vr headset this year wtf http://www.pcgamer.com/valves-vr-headset-is-named-vive-and-htc-are-making-it/03/01/2015 - 1:05pm
ZippyDSMleeuuuhhhggg in other news been sick since last night.....uuhggg.....I iwsh it did not hurt so much when my tummy wants to leave my body..02/28/2015 - 11:39pm
ZippyDSMleeBrings me to the Q why alt costumes would be needed in competition anyway... http://www.eventhubs.com/news/2015/feb/28/dead-or-alive-community-aims-ban-over-120-overly-sexualized-costumes-dead-or-alive-5-last-round/02/28/2015 - 11:36pm
MonteThough from a business side, i would agree with the article. While it would be smarter for developers to slow down, you can't expect EA, Activision or ubisoft to do something like that. Nintnedo's gotta get the third party back.02/28/2015 - 4:36pm
MonteThough it does also help that nintendo's more colorful style is a lot less reliant on graphics than more realistic games. Wind Waker is over 10 years old and still looks good for its age.02/28/2015 - 4:33pm
MonteWith the Wii, nintnedo had the right idea. Hold back on shiny graphics and focus on the gameplay experience. Unfortunatly everyone else keeps pushing for newer graphics and it matters less and less each generation. I can barely notice the difference02/28/2015 - 4:29pm
MonteON third party developers; i kinda think they should slow down to nintendo's pace. They bemoan the rising costs of AAA gaming, but then constantly push for the best graphics which is makes up a lot of those costs. Be easier to afford if they held back02/28/2015 - 4:27pm
Matthew Wilsonhttp://www.forbes.com/sites/insertcoin/2015/02/28/the-world-is-nintendos-if-only-theyd-take-it/ I think this is a interesting op-ed, but yeah it kind of is stating the obvious.02/28/2015 - 2:52pm
prh99The government probably doesn't need an app, but I was think more along the lines of a company that was going to sell the collected info. “If you're not paying for the product, you are the product” sometimes even if you pay.02/28/2015 - 1:50pm
E. Zachary KnightWhat better way for the government to keep track of you than to get you to install an app that lets you insult the government.02/28/2015 - 11:03am
prh99No, but I looked it up and it's basically spyware. Their privacy policy says their apps tracks among other things your location and browsing habits via cookies.02/28/2015 - 8:20am
Ryan RardinHas anyone here heard of an app called iCitizen? It's basically Yelp for politicians.02/28/2015 - 5:16am
Andrew EisenAh, not linked in the way you (and everyone else) want and expect. That's true.02/27/2015 - 10:06pm
Matthew Wilsonthey are not linked in a way that tracks purchases though. the fact that they have to send a code for the other system shows that they are not linked in the way it counts.02/27/2015 - 9:39pm
Andrew EisenAccounts are already linked. Have been for quite a while. Also, Mario vs. Donkey Kong was announced as a cross-buy title during last January's Nintendo Direct.02/27/2015 - 9:25pm
Matthew Wilsonhttp://www.vg247.com/20…/…/27/olli-olli-3ds-wii-u-cross-buy/ I wounder if this is a sign that Nintendo may finally link accounts across the 3ds/wiiu in the near future.02/27/2015 - 9:18pm
prh99http://www.romanoriginals.co.uk/invt/70931?colour=Blue The dress does comes in white and blue but both have black lace and a sheer back top, I don't see gold or brown. 02/27/2015 - 8:54pm
ZippyDSMleeDungeons was a so bad so good game to me so I been keeping up with its sequel which will more of a Dungeon Keeper clone. As for pre order out of 7 preorders I was not burnt by 2... Add my contempt of most of modern game design.Ya I have all kinds of hurt.02/27/2015 - 8:40pm
MechaTama31I don't even want to know...02/27/2015 - 8:22pm
 

Be Heard - Contact Your Politician