Videogame industry celebrates tax relief in Budget

George Osborne has announced that the UK is set to bring tax breaks to the UK videogames industry, something which has been promised but not delivered since 2010.On the day that Game announced it is to go into administration, Osborne has revealed that the UK's "brilliant" games industry will get some sort of tax relief and is also promising the same thing for the film industry.In his budget he joked that the government wants to "keep Wallace & Gromit exactly where they are" and that high-end production firms will be established in the UK because of the tax breaks and that the UK will become "Europe's technology centre".Tax credit schemeThe new tax credit scheme for the games industry, which has yet to be fully outlined, will come as relief to those who have been campaigning for rules on tax to be relaxed in the UK - given that many games are now made in Canada and other countries where tax has been lightened.It also means that the UK shouldn't suffer from the EU's decision to close

Videogame industry celebrates tax relief in Budget

Britain's videogame developers have welcome today's decision to give a tax relief to the gaming industry.

Wed 21 Mar 12 from The Independent

Videogame industry hopes Budget will bring tax break boost

Videogame trade body TIGA has long campaigned for tax relief for the industry.

Tue 20 Mar 12 from The Independent

Tax breaks for UK games industry

The chancellor has announced tax breaks for the games industry, a move welcomed by the industry.

Wed 21 Mar 12 from BBC Technology

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Ten cities have been chosen to benefit from super-fast broadband while the chancellor offers tax breaks for the games industry.

Wed 21 Mar 12 from BBC Technology

Budget 2012: Britain to get 'fastest broadband speeds in the world'

The Chancellor says new investment will give Britain the fastest broadband speeds in the world.

Wed 21 Mar 12 from Telegraph.co.uk Tech

Tax breaks finally coming to UK games industry

George Osborne has announced that the UK is set to bring tax breaks to the UK videogames industry, something which has been promised but not delivered since 2010.On the day that Game announced ...

Wed 21 Mar 12 from Techradar

Budget 2012: Britain aims to be 'Europe's technology centre'

Broadband upgrades for cities and rural areas along with tax breaks for video games formed a key part of Chancellor George Osborne's budget.

Wed 21 Mar 12 from Telegraph.co.uk Tech

Budget 2012: MPs demand Video Games Tax Relief

A cross-party group of MPs has written to George Osborne asking him to introduce tax relief for video games developers.

Mon 19 Mar 12 from Telegraph.co.uk Tech

Online DVD prices to rise - tax loophole closed

A tax loophole which allows tax relief when distributing DVDs from the Channel Islands has been effectively closed, with the UK High Court announcing the government is free to amend the current ...

Fri 16 Mar 12 from Techradar

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