Game tax break plans on hold’

Britain’s new coalition government will prioritise key policy plans and look to find its feet” before beginning discussions on game development tax breaks, a Whitehall source has said.

Though it is hoped that the new Liberal-Conservative government will ultimately back game development tax breaks – as both the Lib Dems and Tories had pledged in the run up to election – the biggest question for the game industry now is when such a policy might emerge.

”We’re not really sure what the future holds,” said a Whitehall source. It’s very early days and we have to hold discussions and set in train how this is going to work.”

The first clear chance for the government to mention game development tax breaks will be during the emergency budget, set for June 22. Yet it is unlikely that tax breaks will be introduced as part of the report.

Develop has the full story.