The UK government budget for 2012 has included a tax break for the video games industry, the gaming site
VG24/7 reports. The government announced that from April 2013 corporation tax relief for the video games, animation and high-end television industries would be introduced.
According to the
BBC, this is something which the video games industry had been lobbying for some time.
Although the headline grabbing announcement has been made, according to
The Guardian the plans are a little sketchy:
"Details of the new tax break scheme remain sketchy, with Osborne only announcing an intention to proceed, subject to obtaining state-aid approval from the European Commission and a consultation."
The details notwithstanding,
The Independent quotes Richard Wilson of the video games industry trade body TIGA as stating:
"This is a brilliant decision by the government and terrific news for the UK video games industry. It is also a decisive victory won by Tiga through audacity, determination and endurance."
With UK's main high street seller of video games, called Game, likely to
collapse with 6,000 jobs lost, this news is most likely welcomed by the video games industry.
