Feeds

Devs cheer as Osborne okays game coding tax relief

Level of relief TBD

Choosing a cloud hosting partner with confidence

Budget Day 2012 Chancellor George Osborne has heeded calls from the videogame industry and agreed to provide it with tax breaks.

Announced in today's Budget, the scheme will commence in April 2013, giving time for civil servants and stakeholders to thrash out the details - "subject to State Aid approval and following consultation", as Mandarin-speak puts it.

That said, the Treasury estimates the relief, which will also apply to animation companies, will cost the Exchequer £15m in the 2013-2014 tax year, rising to £35m in 2014-2015.

Videogame industry organisations such as Tiga, which represents developers, believe that cost will be more than balanced by extra tax revenue generated by UK publishers who would otherwise send development work overseas to countries already offering generous tax breaks to games coders.

"Our research shows that games tax relief should generate and safeguard 4661 direct and indirect jobs [and] generate £172m in new and protected tax receipts," Tiga's CEO, Richard Wilson, said after the annoucement was made.

Tiga and others have been lobbying for videogame development tax breaks for years. The development 'brain drain' has become much worse as companies have migrated to nations - Canada, France and Korea most notably - offering such incentives.

Labour Chancellor Alistair Darling finally took issue sufficiently seriously to "offer help to the computer games sector similar to the steps which are helping restore the fortunes of the British film industry", a pledge made during his March 2010 budget.

Three months later, the incoming coalition government scrapped the plan in Osborne's first, austerity budget. ®

Website security in corporate America

More from The Register

next story
Man buys iPHONE 6 and DROPS IT to SMASH on PURPOSE
Yarrrgh! 'Tis Antipodean insanity, ye crazy swab
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
Monitors monitor's monitoring finds touch screens have 0.4% market share
Not four. Point four. Count yer booty again, Microsoft
4K-ing excellent TV is on its way ... in its own sweet time, natch
For decades Hollywood actually binned its 4K files. Doh!
Your chance to WIN the WORLD'S ONLY HANDHELD ZX SPECTRUM
Reg staff not allowed to enter, god dammit
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
prev story

Whitepapers

Secure remote control for conventional and virtual desktops
Balancing user privacy and privileged access, in accordance with compliance frameworks and legislation. Evaluating any potential remote control choice.
WIN a very cool portable ZX Spectrum
Win a one-off portable Spectrum built by legendary hardware hacker Ben Heck
Intelligent flash storage arrays
Tegile Intelligent Storage Arrays with IntelliFlash helps IT boost storage utilization and effciency while delivering unmatched storage savings and performance.
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.