Following the introduction of a French tax break for games developers, the British Government said in a statement today that it is seriously looking into providing a similar environment for UK developers.
“The Government must be mindful of the need to ensure fair competition and value for money for tax payers whilst ensuring that any tax incentives are supported by evidence,” said a spokesperson. “The Government is conscious of the recent approval of a cultural tax relief for games in France and is working with the UK industry to collect and review the evidence for introducing such a credit in the UK.”
This is the first clear indication that the UK’s Government is taking proper note of dogged lobbying from Paul Jackson and ELSPA on the issue.
Read the full statement after the break.
Thanks for the heads-up, George.
The Government takes seriously the contribution of the UK’s creative industries to the economy and to the UK’s cultural richness. Creative Britain – New talents for the New Economy, published earlier this year, set out the 26 commitments with which the Government would support the creative industries.
In that document, the Government committed to making sure that the creative industries, including the games sector, were aware of and made the best use of the generous Research and Development tax credits for small and medium-sized enterprises, introduced by the Government in 2000. The Government has already been promoting the credit within the industry.
The Government must be mindful of the need to ensure fair competition and value for money for tax payers whilst ensuring that any tax incentives are supported by evidence. The Government is conscious of the recent approval of a cultural tax relief for games in France and is working with the UK industry to collect and review the evidence for introducing such a credit in the UK.
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