TIGA, the trade association representing the UK video games industry, today welcomed Luciana Berger MP’s question on why the Video Games Tax Relief was not implemented by the Coalition Government. She asked the question in today’s (Wednesday 27 th October) Prime Minister’s Questions (PMQ’s).Dr Richard Wilson, TIGA CEO, commented:
“We welcome the issue of Games Tax Relief (GTR) being raised at PMQ’s. The Coalition Government was hoping that GTR would go off the political agenda, but today’s question demonstrates the importance attached to GTR.
“The games industry has the potential to create the private sector jobs the Government wants to encourage with Game Tax Relief’s introduction creating or saving 3,550 jobs and increasing and protecting£415 million in new and saved tax receipts. Unless the Coalition Government urgently reappraises its decision to cancel Games Tax Relief then the UK video games industry will suffer and it will not be able to deliver the jobs, exports and investment so desperately needed to rebalance our economy.”
Dr Wilson added:
“David Cameron’s negative response to Luciana Berger’s question is peculiar. The PM claimed that Games Tax Relief was‘...not particular successful or targeted...’ Yet both the Conservative Party and the Liberal Democrats promised that they would introduce this tax break before the election.
“The PM told the Confederation of British Industry on Monday October 25 th that‘...part of our strategy is getting behind those industries where Britain already enjoys competitive advantages. All over the world, governments are identifying dynamic sectors in their economy and working strategically to strengthen them.’
“6 provinces of Canada and 7 US states as well as France provide games specific tax credits. Why won’t the Coalition Government enable the UK video games industry to compete on a level playing field with its overseas competitors? The UK has a competitive advantage in the video games sector. Our industry is export oriented, highly skilled, R&D intensive and low carbon in output. If the PM meant what he said to the CBI on Monday then his Government should look again at Games Tax Relief and implement it at the earliest opportunity.”
Notes to editors:
TIGA is the trade association representing the UK’s games industry. The majority of our members are either independent games developers or in-house publisher owned developers. We also have games publishers, outsourcing companies, technology businesses and universities amongst our membership. TIGA was awarded‘Trade Association of the Year’ and the‘Member Recruitment Award’ at the Trade Association Forum Best Practice Awards 2010. TIGA has also been named as a finalist in the 2010 Chartered Management Institute (CMI) National Management and Leadership Awards in the category of‘The Outstanding Organisation of the Year Award (SME)’.
TIGA's vision is to make the UK the best place in the world to do games business. We focus on three sets of activities: political representation, generating media coverage and developing services that enhance the competitiveness of our members. This means that TIGA members are effectively represented in the corridors of power, their voice is heard in the media and they receive benefits that make a material difference to their businesses, including a reduction in costs and improved commercial opportunities.
For further information, please contact Eva Field, TIGA PR Manager on: 07814 039 983, or email email@example.com .