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Posts tagged tax-relief

European Commission approves UK games tax breaks

The European Commission announced it's approved the UK's long-sought gaming tax breaks, paving the way for the government to start finally implementing relief for game makers in the country. Almost a year after raising doubts over the necessity of the relief, the EU executive body concluded its...

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UKIE 'pretty confident' UK tax relief will go through despite EU doubts

UK gaming trade body UKIE is "pretty confident" the country's tax break proposal will be approved by the European Union and finally put into place, nullifying the doubts raised by the EU Commission over taxpayers contributing to the proposed relief. Last year, the UK government approved the...

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UK games industry still waiting on promised tax breaks

UK games industry trade association TIGA has urged the European Commission to deliver promised tax relief for local game developers after failing to meet a proposed implementation date. The UK government planned to issue a total of £50 million in tax breaks for UK developers, starting in...

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UK Interactive Entertainment CEO defends games as culture before EU tax investigation

Last week the European Commission announced it would kick off an "in-depth investigation" into proposed UK tax relief for video game developers, and UK Interactive Entertainment's Jo Twist wasn't too pleased by the news. This week the non-profit's CEO calls on the UK games industry to send a clear...

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EU Commission raises doubts over UK games tax relief, launching investigation

The European Commission announced an impending "in-depth investigation" into the UK tax relief for video games following doubts regarding its necessity. The breaks, announced last year by the UK government, are set to provide 25 percent tax relief on 80 percent of qualifying games' budget spent in...

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UK games industry showing slight signs of recovery

UK trade association TIGA published a report this week, claiming that employment in UK games development grew by four percent in 2012. Looking deeper at the numbers shows us UK studios aren't making the huge games they used to, however, and are evolving into smaller studios supporting more mobile...

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UK video game tax relief hinges on passing this 'cultural test'

The UK government outlined a "cultural test" that video games developed in the region must meet for the studio to qualify for tax relief, as part of the industry overhaul begun earlier this year. A game must earn 16 points to receive the tax break, with points awarded for such criteria as being...

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UKIE wants 30% games industry tax break, UK begins tax plan scrutiny

UKIE, a trade group for the entertainment industry in the UK, joined UK gaming trade association TIGA in calling for a tax relief flat rate of 30 percent across the industry, in the hopes of stimulating the UK's game development business. In March, UK chancellor George Osborne pledged to "turn...

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UK finally implementing game tax relief

The UK government announced today it would finally provide tax relief for game developers, which comes as welcome news to the region's struggling scene. The relief will take the form of £15 million in 2013-14, with £35 million in 2014-15. "Our research shows that Games Tax Relief should...

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TIGA and ELSPA form Steering Committee for UK tax relief

Looks like the UK's video game industry organizations aren't going to take the recent removal of their hard-fought game development tax relief plan from the nation's Emergency Budget lying down. Earlier today, TIGA and the ELSPA announced their partnership on a "Steering Committee" to investigate...

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