Posts Tagged ‘George Osborne’

Budget Games: UK To Get Tax Breaks For Game Dev

By Jim Rossignol on March 21st, 2012.

He looks human enough.
The UK government’s man at the money-controls, Chancellor George Osbourne, has announced a tax credit for game development. He said: “The film tax credit, protected in our spending review, helped generate over £1 billion of film production investment in the UK last year alone. Today I am announcing our intention to introduce similar schemes for the video games, animation and high-end TV production industries. Not only will this help stop premium British TV programmes like Birdsong being made abroad, it will also attract top international investors like Disney and HBO to make more of their premium shows in the UK. It will support our brilliant video games and animation industries too.”

The details, of course, will be all important. If this is a tax break for mainstream game development then I fear it will mean little, due to there being just a handful of a big studios left in the UK and existing heavy investment in other countries. If, however, it extends to smaller enterprises, then it could make a real difference. I’ll update when we know a bit more.

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UK Tax Relief For Game Developers Scrapped

By John Walker on June 22nd, 2010.

Osborne also announces puppies to get more cancer.

Anyone remember March? Ah, those halcyon days of innocence, back when we considered the possibility of good news for the British games industry. Then UK Chancellor of the Exchequer, Alistair Darling, announced in what would be his final budget a pledge for a tax credit system that would aid creative industries, including game development. Of course, as we said at the time, this was dependent upon whoever won the election not overturning the decision. However, pre-election both the Conservatives and Liberal Democrats pledged support for the move. But new Chancellor of the Coalition Government, George Osborne, has scrapped the plans in today’s budget. And many in the games industry have already reported their horror.

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