Legal Niches

Red Box Holds No Tax Breaks for UK Developers

By pete_gallagher

The UK's emergency budget, designed to balance the region's books within five years, does not contain any measures for providing tax relief or incentives for local game developers.

Chancellor of the Exchequer George Osborne instead opted to provide more wide spread tax incentives that may help a wider selection of businesses, instead of the 'poorly targeted' aid for interactive creators.

Industry groups TIGA and The Entertainment and Leisure Software Publishers Association (ELSPA), who had both long championed Games Tax Relief, were not happy with the news.

Saying he was 'extremely disappointed,' ELSPA Director General Michael Rawlinson, stated, 'Our industry will be rightly puzzled as to how tax breaks can be lauded before an election, only to be seen as ‘poorly targeted' and scrapped just 6 weeks later.'
Read More

read more

Full post as published by GamePolitics.com on June 22, 2010 (boomark / email).