Games tax relief will not be approved by April 1stas the UK awaits confirmation from Europe.
UK games trade body UKIE has stated that tax relief will still definitely happen, and the government is 100 per cent committed” to legislation.
Tiga has also explained that tax relief is still awaiting State Aid clearance from the European Commission, but the government will still be legislating for the incentives in the current Finance Bill.
The delay in approval likely means the European Commission either still has questions to clarify in regards to the cultural test, or there has simply been a delay in getting around to the approval process.
MCV’s sister site Develop has the full story.