No backdating for video games tax breaks

The Treasury has now confirmed that developers will not be able to claim back games tax relief. The claiming period will officially begin from April 1st 2014. A statement from UKIE read: "We can confirm that claims are not back dateable from the 1stof April 2013. Claims can be made …

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Facebook share price continues to fall

Having seen $10bn wiped off its value yesterday, Facebook has again got off to a troubled start on the markets today. Following its acquisition of Oculus for $2bn on Tuesday night, Facebook saw a seven per cent decline in its share price throughout yesterday, falling from $64.65 at the start …

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UK video games tax breaks – who qualifies?

At long, long last UK video games tax breaks are upon us, but who is it precisely that qualifies? The draft legislation calls the relief a ‘tax relief for video game development’. The legislation does not define the term ‘video game’ and the intention behind this was to avoid including …

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