UK Conservative Party Launches Video Game Tax Breaks Web Page

January 2, 2013 -

The Conservative Party of the United Kingdom (the Tories) have created a page on its official website detailing the planned implementation of upcoming tax breaks for the region's video games industry. According to the page on the official web site, tax breaks will officially go into effect on April 1. The page goes on to note that the new tax incentives will give a financial boost to the video game industry and "help level the playing field" against other countries already offering breaks for their own video game sectors. No doubt some of that statement is aimed at provinces in Canada, which have done a good job of luring many big UK video game companies to move their operations there with big tax breaks.

"The UK already has a competitive advantage through its homegrown talent but these reliefs will help ensure that Britain remains at the forefront of games design," reads the site. "Similar tax breaks have already been introduced for the film industry and have attracted big filmmakers to produce in the UK when they could have gone elsewhere," reads a sidebar explaining the importance of providing relief for the UK's game industry. "These tax breaks recognize that games are as important as film and television in contributing to the country's cultural and economic output and are integral to the UK's future business growth."

You can check it out for yourselves here.

Source: MCV


 
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