Tag Archives: tax

Budget delivers warning shot to Jersey traders

The tax loophole that has for so long allowed key online retailers to offer cheaper games is under threat. It’s a practice that has been under the spotlight since as long ago as 2005. Chancellor George Osborne has announced as part of today’s budget that the Government will consult on …

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Tax breaks hopes fade

The culture minister, Ed Vaizey, has claimed his department will resist calls for game tax breaks in what he calls a three or four year hiatus”. That would suggest the Coalition Government won’t promise state support for the British games industry until the next election looms. The Conservative Party, of …

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Cameron explains game tax break snub

Yesterday the Prime Minister once again faced the question of why he, and his government, chose to go back on promises made in the run up to the election. Before the election all three parties pledged to introduce a videogames tax relief to compete internationally on a level playing-field,” Luciana …

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Game tax breaks scrapped

The new UK coalition Government WILL NOT implement tax breaks for games production Chancellor George Osborne confirmed today. As part of his Emergency Budget, Osborne said that subsidies for developers first proposed by the previous Labour government in April will not come into force. He described the suggestion as ‘poorly …

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Hung parliament could aid the industry

TIGA CEO Richard Wilson has told Develop that he believes a Hung Parliament, now confirmed as the result of yesterday’s election, may well work in the favour” of the UK games industry. We’ve come such a long way. All the major parties have stated commitments to tax measures to help …

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Tories: Trust us on game tax breaks

First he was positive that the Conservatives would introduce game tax breaks, now Ed Vaizey – shadow spokesperson for the game industry – is vehement. Yet the Tory MP, speaking in response to criticisms earlier today, couldn’t promise that a game industry ‘mini-manifesto’ would be released before the general election. …

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Tories ‘have abandoned game tax breaks

The Conservative Party has abandoned plans to introduce game development tax breaks, a Labour MP insists. Industry sympathiser Tom Watson, the Labour MP for West Bromwich East, told Develop that the Tories’ recent silence on the matter was evident of a party u-turn. The only conclusion I can draw is …

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