UK Government Uneasy About Tax Breaks

Posted on Jul 9, 2008 at 1:01 AM Comments:0

ImageSpeaking on Tuesday at the UK Games Industry Westminster Media Forum, as reported by Develop, Hodge said that the government is looking at the possibility of introducing tax credits for UK games developers, but that key figures within the treasury remain unconvinced that such breaks are required to reinvigorate the domestic industry.

 

“I know this is hugely important to many of you. And you rightly make the comparison between the relief we give to film,” she said, also acknowledging the existing game development tax credits offered in Canada and France.

 

But, she added, “We’re nervous about these forms of tax relief. Because it costs us money. And you don’t want to get into an international Dutch auction.

 

“We’re nervous because we need to think if it provides a sustainable way to provide continuity and growth for the industry.”

 

It is up to the UK games industry to convince the government that tax breaks for game developers are the only way forward, Hodge said.


Via:NextGen Latest News
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