Games Tax Relief – delayed

Cliona Kirby, Tax Partner, CMS

Whilst no big surprise, it is disappointing to hear the confirmation that the intended games tax relief will not receive EU state aid approval by 1 April.  It was always expected that more questions may be raised by the European Commission given the differences between how games and films are made.  We understand that the EU has sought certain clarifications but that the Government’s aim remains to introduce games tax relief in 2013.

This does however mean that EU state aid approval for high end TV and animation should be forthcoming by 1 April which is great news, with many TV production companies already planning how to benefit from the generous tax reliefs on current and future projects.

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