Tax breaks decision ‘imminent’, MP claims

The limbo that UK video games tax credits are currently trapped in could be coming to an end in the very near future.

Ed Vaizey, the UK minister for Culture, Communications and the Creative Industries, told the industry tonight that he believes a decision by the European Commission is imminent”, and shed light on why other creative industries have found it easier to secure tax breaks.

Speaking at tonight’s launch of BUGS – a new initiative between studios and universities to help graduates seek jobs with finished games under their belt – the MP said: We are working very hard to achieve a resolution. I don’t want to say anything until we have a result.

We are expecting a decision imminently. We do hope that we will hear an announcement very shortly. I do think the tax credit is going to be a vital part of the success of the industry.”

Develop has more details.

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