Feeds

Government hints at gaming tax breaks

Labour admits it's looking into it

Providing a secure and efficient Helpdesk

Newly appointed Culture Secretary Ben Bradshaw has hinted that UK videogame developers may be granted direct tax breaks.

The revelation was made during a recent House of Commons debate. Bradshaw said that the government is “looking at introducing further tax breaks” for the games industry.

Bradshaw’s comment was made in response to a remark from Labour MP Tom Watson, who implied that the Culture Secretary’s department should give the games developers “similar status to that of the UK music and film industries”, both of which already benefit from directly attributable tax breaks.

Although Bradshaw stated that "research and development tax credits are available for the [videogame] industry”, a spokeswoman for the Entertainment and Leisure Software Publishers Association (Elspa) today told Register Hardware that such firms can only apply for funding through the back door.

“There are tax breaks available for videogame R&D," she said, "but not directly – more as a cultural or non-specific tax break.”

Nonetheless, Bradshaw’s hint at a possible tax break will be welcome news for Richard Wilson, CEO of game development trade body Tiga.

He has long campaigned for the introduction of a 20 per cent tax break for game studios. This, it's estimated, would cost taxpayers £150m ($242m/€173m) over five years.

In a statement released today, Wilson also urged the Conservative party to “support a tax break for games production” in the UK. ®

Choosing a cloud hosting partner with confidence

More from The Register

next story
Microsoft on the Threshold of a new name for Windows next week
Rebranded OS reportedly set to be flung open by Redmond
Business is back, baby! Hasta la VISTA, Win 8... Oh, yeah, Windows 9
Forget touchscreen millennials, Microsoft goes for mouse crowd
SMASH the Bash bug! Apple and Red Hat scramble for patch batches
'Applying multiple security updates is extremely difficult'
Apple: SO sorry for the iOS 8.0.1 UPDATE BUNGLE HORROR
Apple kills 'upgrade'. Hey, Microsoft. You sure you want to be like these guys?
ARM gives Internet of Things a piece of its mind – the Cortex-M7
32-bit core packs some DSP for VIP IoT CPU LOL
Lotus Notes inventor Ozzie invents app to talk to people on your phone
Imagine that. Startup floats with voice collab app for Win iPhone
prev story

Whitepapers

A strategic approach to identity relationship management
ForgeRock commissioned Forrester to evaluate companies’ IAM practices and requirements when it comes to customer-facing scenarios versus employee-facing ones.
Storage capacity and performance optimization at Mizuno USA
Mizuno USA turn to Tegile storage technology to solve both their SAN and backup issues.
High Performance for All
While HPC is not new, it has traditionally been seen as a specialist area – is it now geared up to meet more mainstream requirements?
Beginner's guide to SSL certificates
De-mystify the technology involved and give you the information you need to make the best decision when considering your online security options.
Security for virtualized datacentres
Legacy security solutions are inefficient due to the architectural differences between physical and virtual environments.