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UK tax break news is “just fantastic,” says JAW boss as industry cheers

Wednesday, 24th March 2010 14:05 GMT By Patrick Garratt

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Just Add Water head Stewart Gilray has described news of impending UK games dev tax breaks as “fantastic,” while TIGA boss Richard Wilson has said the Labour move is “inspired”.

“The UK games industry is respected worldwide, offering creativity and innovation year on year,” the British developer told VG247.

“To finally get recognition in such a way that will ultimately help the industry is just fantastic. We still need to hear the details though, but it promises to be quite interesting.”

Just Add Water was responsible for PS3′s Gravity Crash, the PSN shooter that launched at the end of 2009.

TIGA CEO, Dr Richard Wilson, obviously agreed.

“This is an inspired decision,” he said in a statement. “In backing Tiga’s Games Tax Relief the Government has chosen the future over the past, growth over decline, success over failure. Games Tax Relief will increase employment, investment and innovation in the UK video games sector.”

He continued: “Our research shows that Games Tax Relief over a five year period should create or protect 3,550 graduate level jobs, increase or safeguard £457 million in development expenditure and encourage developers to adopt new business models and create new Intellectual Property. Games Tax Relief will ensure that the UK remains a world leading developer of video games. Games Tax Relief is good for the UK video games industry, good for UK consumers and good for the UK economy.”

Rebellion’s CEO and TIGA chairman, Jason Kingsley said the move is “the right decision for the future”.

“Games Tax Relief is also a decisive achievement by TIGA,” he said. “There are around 1,000 trade associations in the UK working to influence Government policy. In 2009, only one sector was invited by the Government to submit a case to change UK tax policy – the games industry.”

British Chancellor Alastair Darling today confirmed that the UK games industry is to benefit from tax breaks in a similar way to the UK film industry.

The move comes after years of lobbying Government from bodies such as ELSPA and TIGA.

We’ll bring you details on what’s actually on offer from Labour as soon as they drop.

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6 Comments

  1. Bulk Slash

    ‘the Labour move is “inspired”’ by the fact that they’re going to lose the next election.

    #1 5 years ago
  2. cookiejar

    Yep, then the Tories will take over and we’ll kiss goodbye to the tax break! Happy day’s, eh? :D

    #2 5 years ago
  3. Eregol

    I don’t think the Tories will abolish the tax break.
    It’s one of very few things Labour have done that makes sense.

    #3 5 years ago
  4. cookiejar

    I agree. I just hope they realize the gaming industry is much bigger than it was when they were last in power. And that its up there with banking and other big business in bringing in the dough, so I hope they do stick with it. Same goes for all modern tech and media. Invest in them as well as the traditional sectors.

    #4 5 years ago
  5. Bulk Slash

    Are there actually any British publishers left or have they all been bought? I know Codemasters are still around, but they’re a bit shit. It’s all very well giving tax breaks to developers but most of the money will be going into the coffers of the publishers, who aren’t UK companies any more.

    #5 5 years ago
  6. xino

    fark the BNP!

    #6 5 years ago

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