Legal Niches

UK Budget Includes Tax Relief for Game Developers

By pete_gallagher

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:

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Full post as published by GamePolitics.com on March 24, 2010 (boomark / email).