Industry association UKIE says it is disappointed with the Treasury’s decision to again avoid introducing game development tax breaks in the UK.
Yesterday’s Budget was dubbed as a plan to ‘fuel the economy’; a new approach after Chancellor George Osborne last year announced drastic measures to cut away the deficit.
On that ethos, many in the games industry were cautiously optimistic in the build up to yesterday’s Budget report. However, no specific measures for tax breaks were introduced on the day.
Michael Rawlinson, UKIE director general, said it is “disappointing not to have industry specific tax breaks introduced”.
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