Posts Tagged ‘tax credit’

Broken British Tax Breaks For Games

By Alec Meer on April 16th, 2013.

Did you know: Osborne keeps his long ago excised soul inside his red box

Urgh, this is no good. The announcement of tax breaks (as explained here) for the UK games industry, bruised and battered as it was by a torrent of studio closures in recent years, was an all too rare instance of George Osborne doing something to stimulate rather than malnourish the UK economy. And there was much rejoicing – until the European Commission decided it wanted to shoot the plans down.
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How The New UK Tax Laws Will Affect Indie Developers

By RPS on December 13th, 2012.

This will upset some people, but John just isn’t a financial expert. His stabs at trying to understand the new UK tax relief rules for games development have been enthusiastic, but inexpert. Which is why we’ve turned to Chris England – developer of Xenonauts, and qualified accountant. As an independent developer, and a financial expert, the subject affects and interests him directly. So he’s taken a deeper look to see how it really applies to the UK’s indie developers, and why it fails to take into account the newer methods for funding development.

Back in March, the UK government made all of us happy by announcing that 2013 would herald the arrival of a new tax relief for the video games industry. They confirmed this in the Autumn Statement last week – but what does the draft legislation actually mean for British indie companies? Well, it’s (qualified) good news! The tax relief being proposed is pretty generous. Here’s a simple breakdown of how it will work.

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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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Budget Win: Tax Break For UK Developers

By John Walker on March 24th, 2010.

And a 4% increase on red briefcases.

British videogame designers have long been campaigning for tax breaks in the UK, similar to those in New Zealand and Canada. In today’s budget, it seems that something has finally been done to help. Alistair Darling has today announced a pledge for a tax credit system that will aid creative industries, including game development.

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