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 … Continue reading Games Tax Relief – delayed
Good news for the UK high end TV, animation and games industries as the rate of the payable production tax credit is set at 25% of qualifying spend (being the higher rate of film tax credit relief available for low budget films). Alternatively companies can choose to utilise an enhanced deduction of 100% of qualifying … Continue reading Creative Industry Tax Reliefs – rates confirmed
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
After months of lobbying from the UK games industry, the Government has finally announced its intention to introduce games tax relief to support our highly successful and innovative games industry. Olswang has been heavily involved in this lobbying process and wrote a paper called “A tax relief for games” setting out how to adapt the existing film tax credit relief to … Continue reading Game on !