UK video game producers have won a small victory on plans to enhance tax credits for R&D. The proposal worth around £ 7 million will mean that new jobs will be created and will hopefully let the industry within the UK to grow. According to Dr Richard Wilson this will give our studios 60%-70% more value, he was not completely happy with the turn out, going on to say….”Failure to deliver TIGA’s Games Tax Relief is a dismal decision that displays a complete lack of imagination and one which will leave the UK video games industry swimming against the tide internationally,”….”Our key competitors have tax breaks for games production. The UK does not,”. Between 2008 and 2010 the Canadian games industry grew by 33%, ours shrank by 9%. Sort it out….
UK games industry wins tax break