Feeds

Games developers demand tax breaks

Or UK videogames biz will slump, says Tiga

Business security measures using SSL

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. ®

Secure remote control for conventional and virtual desktops

More from The Register

next story
Oi, Tim Cook. Apple Watch. I DARE you to tell me, IN PERSON, that it's secure
State attorney demands Apple CEO bows the knee to him
4K-ing excellent TV is on its way ... in its own sweet time, natch
For decades Hollywood actually binned its 4K files. Doh!
Phones 4u website DIES as wounded mobe retailer struggles to stay above water
Founder blames 'ruthless network partners' for implosion
DARPA-backed jetpack prototype built to make soldiers run faster
4 Minute Mile project hatched to speed up tired troops
Hey, Mac fanbois. HGST wants you drooling over its HUGE desktop RACK
What vast digital media repository could possibly need 64 TERABYTES?
Apple's Watch is basically electric perfume
It isn't just me-too Apple that's lost its lustre: Gadget mania is over
In a spin: Samsung accuses LG exec of washing machine SABOTAGE
Rival electronic giant tries to iron out allegations
prev story

Whitepapers

Providing a secure and efficient Helpdesk
A single remote control platform for user support is be key to providing an efficient helpdesk. Retain full control over the way in which screen and keystroke data is transmitted.
WIN a very cool portable ZX Spectrum
Win a one-off portable Spectrum built by legendary hardware hacker Ben Heck
Saudi Petroleum chooses Tegile storage solution
A storage solution that addresses company growth and performance for business-critical applications of caseware archive and search along with other key operational systems.
Protecting users from Firesheep and other Sidejacking attacks with SSL
Discussing the vulnerabilities inherent in Wi-Fi networks, and how using TLS/SSL for your entire site will assure security.
Security for virtualized datacentres
Legacy security solutions are inefficient due to the architectural differences between physical and virtual environments.