No UK Games Industry Tax Relief
As part of its Emergency Budget, the UK coalition government has confirmed that it won’t introduce tax breaks for the domestic games industry.
Tax relief for the games sector had been proposed by the former Labour government earlier this year, with ex-Chancellor Alistair Darling suggesting the that industry would be offered subsidies similar to those enjoyed by the UK film sector.
But Chancellor of the Exchequer George Osborne shot down that possibility in his Budget speech to the House of Commons today, labelling Labour's proposal "poorly targeted".
Ed Vaizey, the new minister for culture, will discuss game tax relief at July’s Develop conference in Brighton.