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Posts tagged VAT

UK government may close online shopping tax loophole

The gaming significance of the above headline may not seem apparent, but bear with us. This May, the UK government will consider "the continued marketing and use of highly aggressive and artificial tax avoidance schemes." As noted by VG247, businesses located in a certain part of Jersey (the UK...

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UK game retailers facing pricing challenge due to VAT increase

Last week, the UK Emergency Budget resulted in a proposed increase in the country's VAT (similar to a sales tax). When it goes into effect in January, the tax will increase by 2.5 percentage points. Game retailers are mulling over the possibility of absorbing the added the cost, instead of passing...

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Rockstar appealing British Manhunt 2 ban

Rockstar yesterday filed an appeal with the Video Appeals Committee (VAC) over Manhunt 2's rejection by the British Board of Film Classification (BBFC), according to MCV. The UK board can overturn the BBFC's ban; given that six weeks are permitted to file an appeal, the developer appears to have...

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GDC 07: UK retailers didn't want the 20GB

Some UK residents have felt angered by Sony's pricing scheme in the PAL territories. At £425 (~$820 US), European users are paying quite a lot to get a chance to PLAY B3YOND. One reason for the price hike? The government-imposed VAT, which makes up for up to 20% of the cost. "The money doesn't...

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PS3 could debut in Europe for 500 euros, says SCEE exec

La PlayStation Trois! French gamers must be familiar with that combination by now, and if a certain Sony executive gets his way, the PS3 could be appearing in Europe for as low as 500 euros this fall. Apparently George Fornay (president of Sony Computer Entertainment France and vice president of...

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