Tag Archives: tax

UKIE rallies around tax breaks for developers

UK trade body UKIE has called on the games industry for input for a collective response to the government’s new period of consultation on tax breaks policy. The UK Treasurytoday opened a period of consultationwith a view to finalising the details of the proposed Tax Breaks policy. "UKIE’s consultation programme …

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INTERVIEW: Ed Vaizey, MP

Tax breaks for games made in the UK are back onthe agenda. So MCV spoke to Ed Vaizey, minister for the department of culture, media and sport, to find out why Westminster u-turned on subsidies for developers – and what happens next… The industry was getting tax in 2010. Then …

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UK video game tax breaks are back on the agenda

The UK government has declared its intention to establish a nationwide game tax break policy, in a dramatic manoeuvre that leaves the British sector in shock and jubilation. Standing in the Commons for his 2012 Budget speech, Chancellor George Osborne said the UK games development industry would benefit from similar …

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HMV slams ‘idiotic’ offshore tax dodging

It is ‘absolutely nuts’ online retailers can avoid tax so easily, says HMV. The Government is closing down the Channel Island tax loophole from April, but HMV CEO Simon Fox says this doesn’t go far enough. He believes that HMV’s big name online rivals such as Play, The Hut and …

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ANALYSIS: Channel Island tax dodge

When Play.com took advantage of the Channel Island tax relief back in 1998, it changed UK online retailing overnight. Low-Value Consignment Relief (LVCR) meant that any goods sold from the Channel Islands under 18 didn’t have to pay VAT. That included DVDs, CDs and budget games. And with Play.com based …

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Tax dodgers flee Channel Islands

Online entertainment retailers are preparing to leave the Channel Islands after the UK Government said it will close the VAT loophole next April. MCV understands online retail behemoths may move to Asia, Switzerland and even the US to avoid paying tax on CDs, DVDs and some games. For years, campaigners …

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Trip Hawkins in trouble with the tax man

A San Francisco judge has rejected Trip Hawkins’ plea to use personal bankruptcy to cancel $20m of tax obligations. According to a Forbes blog, US District Court judge Jeffrey S White has upheld an earlier bankruptcy court ruling related to tax shelters Hawkins used to shield the personal wealth he …

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