Tax break indecision disappoints UKIE

Trade association UKIE has said it is ‘disappointed with indecision’ on the issue of games tax breaks in a newly-published report by Scottish Affairs Select Committee.

The 38-page report – of which its twenty key recommendations can be found here – concluded that there are compelling arguments for a tax relief, and real concerns”.

The Committee wants the possibility of a games industry tax relief kept under review, and calls for the industry to be monitored for the potentially malign effects of uneven international competition”.

The report also believed that game development tax breaks would not be introduced in the foreseeable future”.

For the full story, head over to Develop.

About MCV Staff

Check Also

Square Enix announces London mobile studio, working on Tomb Raider and Avatar: The Last Airbender titles

“At Square Enix London Mobile, our goal is to move the world through play and in order to do this, we need to grow our team with even more unique voices, varieties of perspectives and creative energy."