Florida’s tax break reinforces TIGA’s case for Games Tax Relief

May 6th, 2010

TIGA, the trade association representing the UK games industry, said today that Florida’s decision to provide a tax break for digital media products, including games development, confirmed the imperative for the UK to introduce TIGA’s Games Tax Relief as soon as possible. The Florida Legislature has passed SB 1752, which makes interactive digital media projects eligible for a 20 per cent tax credit for qualifying production expenses.

Richard Wilson, CEO of TIGA, said:

“The UK games industry wants to compete on a level playing field with games businesses elsewhere in the world. Until we have TIGA’s Games Tax Relief implemented in the UK our video games industry will be at a serious competitive disadvantage.”

John Chasey, CEO of Finblade, said:

“The UK video games industry is a success story. However, if we want to remain a world leader in this industry and if we want increased investment, more jobs and new IP developed in the UK games industry then the next Parliament and Government must introduce TIGA’s Games Tax Relief as soon as possible. This will enable the UK video games industry to fulfill its potential and benefit the wider UK economy.”

Ends

Notes to editors:

About TIGA:

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 outsourcing companies, technology businesses and universities amongst our membership.

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 eva@tiga.org.


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