Fantastic day for the UK Creative Industries

Cliona Kirby, Tax Partner, CMS

We are delighted that the Chancellor has recognised the importance of the UK Creative Industries and announced the intention to introduce tax credits for TV, animation and video games with effect from April 2013 after consultation and subject to state aid approval.  

 This is a direct result of concerted lobbying by the respective industries, including Olswang on the games side.  We believe the Creative Industries are integral to ensuring that the UK remains a centre for excellence in digital media and will help drive the growth of the UK economy.

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