Labour promise UK games industry tax breaks
The current British Chancellor announced yesterday to the House of Commons that they would be extending tax breaks to UK games developers.
This announcement prompted the entire UK games industry to jump for joy. The statement said: "The Government announces that, following consultation on design, it will introduce a tax relief for the UK's video games industry, subject to state aid approval from the European Commission."
Given that major UK developers such as Realtime Worlds were looking at relocating if the government did not look at introducing tax breaks to keep the UK competitive with the likes of Canada and France this announcement will be a major boost to the British games industry.
The CEO of TIGA, the games industry's representative body in the UK, Dr Richard Wilson said with relief: "This is an inspired decision. In backing Tiga's Games Tax Relief the Government has chosen the future over the past, growth over decline, success over failure. Games Tax Relief will increase employment, investment and innovation in the UK video games sector."
- Valve's Chet Faliszek has been confirmed as the first developer session for EGX Rezzed 2015
- One area from Zelda Wii U is as big as the entirety of Skyward Sword
- Telltale's new collaboration is with Mojang, on a Minecraft story game
- Franklin voice actor indicates GTA V story DLC is on the way
- Red Dead Redemption, LA Noire and Bully sequels will come when the time is right says Rockstar
- Telltale teases another collaboration with another game developer
- New Company Of Heroes 2: Ardennes Assault trailer recognizes the 70th anniversary of the Battle of the Bulge
- New Call Of Duty: Advanced Warfare trailer focuses on character customization
- Splash Damage's free-to-play shooter Dirty Bomb coming to Steam in the new year