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Tax breaks for UK games industry

Tax breaks for UK games industry

Long-awaited tax breaks for the games industry have been announced in the budget.

Chancellor George Osborne said he planned to introduce corporation tax relief from April 2013 for the video games, animation and high-end television industries.

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Primary Homework Help Anne Frank The industry has lobbied for such changes for several years.

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The chancellor said he wanted to make the UK the technology centre of Europe.

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Richard Wilson, chief executive of video games industry trade body Tiga, said: “This is a brilliant decision by the government and terrific news for the UK video games industry. It is also a decisive victory won by Tiga through audacity, determination and endurance.

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“Like a boxer knocked down by his opponent, we refused to accept defeat and kept getting back in the ring. This victory will benefit not just the UK games development and digital publishing sector, but also the wider UK economy.”

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Read More/Source: BBC News

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