Gamasutra: The Art & Business of Making Gamesspacer
View All     RSS
August 29, 2015
arrowPress Releases
August 29, 2015
PR Newswire
View All






If you enjoy reading this site, you might also want to check out these UBM Tech sites:


UK video game tax breaks are now finally available
UK video game tax breaks are now finally available
August 19, 2014 | By Mike Rose

August 19, 2014 | By Mike Rose
Comments
    Post A Comment
More: Console/PC, Business/Marketing



Video game companies in the UK can finally claim tax relief starting from today, with the potential to claim up to 25 percent of your production costs.

It's been over a year since these tax breaks were meant to be introduced, as the EU Commission wasn't completely sure that they were necessary. However, the tax relief was finally approved in April, and is now available from today.

British game studios can apply for the relief, and will have to undergo a cultural test to find out whether they are eligible. The government estimates that this new tax relief will provide around 35 million ($58.2 million) of support per year to video game studios.

For those studios planning to take advantage of these tax breaks, it's worth reading through UKIE's quick guide to claiming.

There are around 500 game studios currently in the UK, and around 9000 people working on video games. Sales of video games in the UK totalled roughly 2.19 billion ($3.6 billion) in 2013, according to the UK government.


Related Jobs

Ready At Dawn Studios
Ready At Dawn Studios — Irvine, California, United States
[08.28.15]

Senior Level Designer
Respawn Entertainment
Respawn Entertainment — San Fernando Valley, California, United States
[08.28.15]

Quality Assurance Manager
PLAYSTUDIOS
PLAYSTUDIOS — Austin, Texas, United States
[08.28.15]

DevOps Engineer
Sanzaru Games Inc.
Sanzaru Games Inc. — Foster City, California, United States
[08.28.15]

Animator









Loading Comments

loader image