Games Tax Relief
An alleged parliamentary insider within the UK’s Department for Culture, Media and Sport has claimed that a tax relief package for the nation’s games industry is ‘all but confirmed,’ and is expected to be announced publicly this week.
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TIGA has announced that while tax relief in the UK has been delayed, the Government is still planning to legislate for Games Tax Relief in the current Finance Bill.
Chancellor George Osborne has promised tax reliefs for the UK video game industry will be “among the most generous in the world”.
Update: TIGA has issued a statement condemning the Government for its decision in today’s budget, calling it a “broken pre-election promise”.It’s a bit lengthy, and below the original report.Original: UK Chancellor George Osborne has confirmed that tax relief promised to the UK games industry by the previous Labour government will no longer go ahead.
UK Prime Minister Gordon Brown has said in a podcast that the UK games industry is “leading the way” in Europe.
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