Category Archives: Video Games Tax Credit

The Chancellor yesterday confirmed several measures which will provide further support for the UK’s creative industries. Although these are subject to state aid approval by the EC, they reaffirm the important contribution these industries make to the UK economy and the Chancellor’s intention that the UK remains internationally competitive in creative sectors. The tax credit … Continue reading Further boost for creative industries

The Government has continued its drive to make the UK a global centre of digital media.   In particular, the important and globally renowned visual effects industry may benefit with the announcement of a consultation on how to support this industry through the tax system.  Perhaps the existing film tax credit can be extended to cover visual effects and post production? … Continue reading Further support for the creative industries

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 … Continue reading Fantastic day for the UK Creative Industries

After weeks of speculation, the Government has broken its silence on the topical issue of video games and decided to axe the relief announced by their predecessors.   At a time when the UK needs to stimulate business in the UK this is very disappointing news.  We are surprised that a relief aimed at keeping this growing and innovative industry in the UK was described as “poorly … Continue reading Video Games Tax Relief gets axed