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Tag Archives: tax breaks

Independent Scotland could lose video games tax breaks

Scottish games developers could lose the tax breaks they fought so hard for, if the country was to go independent. On September 18th, Scotland’s population will vote whether to become an independent country or not. If they decided yes, then Scotland would need to set up their own tax system, …

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No backdating for video games tax breaks

The Treasury has now confirmed that developers will not be able to claim back games tax relief. The claiming period will officially begin from April 1st 2014. A statement from UKIE read: "We can confirm that claims are not back dateable from the 1stof April 2013. Claims can be made …

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Chancellor: Games tax relief one of the most generous in the world

Conservative MP and UK Chancellor George Osborne has said that today’s confirmation of video games tax breaks will create new jobs in the sector. This is a key industry of the future and I want Britain to be one of its biggest centres,” he said. 95 per cent of UK …

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UK video games tax breaks – who qualifies?

At long, long last UK video games tax breaks are upon us, but who is it precisely that qualifies? The draft legislation calls the relief a ‘tax relief for video game development’. The legislation does not define the term ‘video game’ and the intention behind this was to avoid including …

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Jo Twist: "We are on our way to making the UK the best place to make and sell games"

The journey to finally get the tax production credits scheme in place for the games industry has been a long and sometimes rocky one. But this week, the industry had confirmation from the European Commission that, after a year of investigating whether there truly was a market failure for games …

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