Lords back industry tax breaks
In a report made by the House of Lords Communications Committee, the UK's second house of parliament has effectively backed tax relief for the UK's games industry.
TIGA, the trade association representing the games industry in the UK, proudly announced the findings of the Lords report entitled The British Film and Television Industries.
The report clearly states: "We recognise the claims of the videogames industry for support in the face of foreign government-subsidised competition, and recommend that the Government consider providing tax incentives for videogames production."
TIGA's CEO, Richard Wilson said: "It is very encouraging that the cross-party, highly respected House of Lords Communications Committee has recommended that the Government should consider providing tax incentives for videogames production."