Feeds

Games developers demand tax breaks

Or UK videogames biz will slump, says Tiga

Secure remote control for conventional and virtual desktops

Direct tax breaks for the UK videogame development sector are crucial if the industry is to grow, industry trade body Tiga has claimed.

Tiga’s own research has revealed that if the government fails to introduce a “Games Tax Relief” (GTR), the sector’s employment figure – currently estimated at just over 9000 people - will decline by five per cent each year for the next five years.

Over five years, a GTR would cost the government £192m ($314m/€211m), Tiga said. However, it claimed the measure would yield £415m ($679m/€457m) in tax receipts over the same period.

Gareth Edmondson, Vice Chairman of Tiga, said: “Because most of our key competitors benefit from a tax break for games production, our industry is at a competitive disadvantage.”

Videogames development and publishing is one of the world's most lucrative media businesses, yielding higher sales globally than both movies and music.

If a GTR were introduced in the UK, the sector would next year cease to shrink and enjoy annual growth of two per cent in 2011 and four per cent in each of the following three years, Tiga forecast.

Edmondson claimed that – with a GTR enacted - some “3550 graduate-level jobs and £457m of investments in the development sector would be created or protected”.

Culture Secretary Ben Bradshaw said in June that the government is “looking at introducing further tax breaks” for the games industry, but little has been announced since. ®

5 things you didn’t know about cloud backup

Whitepapers

Implementing global e-invoicing with guaranteed legal certainty
Explaining the role local tax compliance plays in successful supply chain management and e-business and how leading global brands are addressing this.
Endpoint data privacy in the cloud is easier than you think
Innovations in encryption and storage resolve issues of data privacy and key requirements for companies to look for in a solution.
Why cloud backup?
Combining the latest advancements in disk-based backup with secure, integrated, cloud technologies offer organizations fast and assured recovery of their critical enterprise data.
Consolidation: The Foundation for IT Business Transformation
In this whitepaper learn how effective consolidation of IT and business resources can enable multiple, meaningful business benefits.
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?