Tax Relief for the British Gaming Industry

29Oct12

The British Department for Culture Media and Sport (DCMS) is working on creating a tax cut for the gaming industry not only to attract businesses, but to also create games that are “culturally British.”  The UK was one of the largest producers of games in the world until recently when it has fallen into sixth place.  Currently the UK employed over 28,000 game designers of which 9,000 are highly specialized.

The DCMS decided on a tax cut because the film tax relief was such a success, and are hoping this will make the UK more competitive with the leading game design country, Canada who also gives tax breaks.  While there has been lobbying for gaming tax relief for a while, many people believe it might be too late for this scheme to be successful in the gaming industry.  This article highlights the increasing global competition and ethnic roles of the gaming market outlined by Kerr (2011).

-Sarah

http://hexus.net/gaming/news/industry/46013-consultations-proposed-games-industry-tax-relief-begin/

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One Response to “Tax Relief for the British Gaming Industry”

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