25
Mar
10

UK tax breaks for games

MCV, Develop and Edge have all posted about the tax breaks announced in yesterdays Budget, an announcement that both affects the UK industry as a whole and myself personally as TIGA estimate the announcement will “increase and safeguard £457 million in new development expenditure that would be otherwise lost.” while creating an approximated 3550 graduate level jobs. I’d like to think that at least one of those will have my name on it :P

It’s about time that this happened though the timing might be a bit surprising with the current financial climate. If we are to stay competitive with places such as Canada which saw a migration of dev companies to Ontario after the introduction of their generous tax breaks for developers this needed to happen and we have TIGA to thank for championing it. Hopefully this will engender more commitment from existing publishers and developers in UK talent and fingers crossed reignite the entrepreneurial spirit the UK games industry was once famous for.


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