TIGA sets out its games tax break proposals

TIGA, the games industry body, has published its election manifesto for the games industry, in which it sets out its proposals for how the recently announced games tax break should be structured in the next Parliamentary term (via Develop).

TIGA’s tax break proposals are as follows:

“The Government announced in the Budget on March 24 that it would introduce Games Tax Relief. TIGA believes that Games Tax Relief should be introduced as soon as possible.

It should have the following attributes:

1) Eligibility for the Games Tax Relief would cover any company within the scope of UK Corporation Tax.

2) Video games would need to pass a cultural test, scoring against criteria of European heritage and game locations, languages, technical or creative technological innovation, narrative, and location of development and key development staff.

3) The Games Tax Relief would be calculated and applied in a similar way to the existing tax relief for British films. A development company would be entitled to an additional deduction in computing their taxable profits equal to the UK expenditure incurred in developing a game, or 80 per cent of the total expenditure incurred in developing a game, whichever is the lower.

The development company would then be entitled to a tax credit calculated on the amount of the deduction, which it would either be set off against the income from the game or recovered as a payment from HMRC.

4) The Games Tax Relief should have three tiers of benefit: 20 per cent of core expenditure for budgets above £6,000,000, 25 per cent for budgets over £3,000,000 but less than £6,000,000 and 30 per cent for budgets of over £100,000 but under £3,000,000. The three tiers are designed to reflect average production budgets of video games on different games platforms, and correspondingly different sizes of company.

If Games Tax Relief is to assist the production of culturally British mobile games then it would be advisable to extend relief to games with a budget of £50,000 or more.

5) An independent organisation with knowledge and experience of video games production would administer the cultural tests, checking submission criteria are met and policing the Relief. It would issue interim certificates or letters of comfort confirming a product has passed or provisionally passed the cultural test to ensure candidate projects are funded.”

We’ll write a more detailed analysis of these propsals later on, but suffice to say they broadly accord with our views of the issues that the tax break will need to deal with.

Follow us at http://www.twitter.com/gamerlaw or subscribe to our weekly email newsletter here

19 thoughts on “TIGA sets out its games tax break proposals”

  1. Hi! Quick question that’s ertlneiy off topic. Do you know how to make your site mobile friendly? My blog looks weird when viewing from my iphone4. I’m trying to find atemplate or plugin that might be able to resolve thisissue. If you have any recommendations, please share.Thank you!

  2. Thanks for all your effort on this web site. Gloria really likes going through internet research and it is easy to understand why. A lot of people learn all of the dynamic medium you provide functional tricks on this web site and therefore boost contribution from other people on that area of interest while our princess has always been discovering so much. Take pleasure in the remaining portion of the year. You’re performing a fantastic job.

  3. Needed to create you that little observation to help thank you so much the moment again on your incredible concepts you’ve discussed at this time. This is so extremely open-handed with you to convey unreservedly what most of us would’ve offered for sale as an ebook to end up making some bucks on their own, specifically now that you could have done it if you wanted. Those inspiring ideas also worked like the good way to understand that most people have similar desire the same as my personal own to understand very much more pertaining to this issue. I know there are thousands of more pleasant moments ahead for individuals who looked over your site.

  4. I enjoy you because of all of your efforts on this site. Kim take interest in setting aside time for investigation and it’s really easy to understand why. We hear all of the powerful tactic you present important techniques through the web site and even attract contribution from other ones on this concern while our favorite princess is truly starting to learn a whole lot. Take pleasure in the remaining portion of the year. You’re carrying out a brilliant job.

  5. I precisely had to thank you so much all over again. I do not know the things I would’ve used without these tricks provided by you directly on that subject. It actually was a very frustrating case for me personally, nevertheless considering a new skilled form you managed it forced me to jump with happiness. I’m thankful for this service and thus trust you know what a powerful job you were providing educating the rest all through your web page. More than likely you haven’t met any of us.

  6. I want to express some appreciation to the writer just for rescuing me from this type of predicament. Right after checking throughout the the net and seeing solutions that were not helpful, I was thinking my entire life was gone. Being alive without the presence of approaches to the issues you have sorted out through your good article content is a serious case, as well as the ones that could have adversely affected my entire career if I hadn’t discovered your site. Your knowledge and kindness in taking care of all the pieces was excellent. I don’t know what I would have done if I had not come across such a solution like this. I am able to at this point relish my future. Thanks so much for your skilled and sensible help. I won’t hesitate to propose your blog post to anyone who should receive assistance about this matter.

  7. I have to voice my respect for your kindness in support of men and women who should have assistance with in this theme. Your real dedication to passing the message along has been pretty powerful and has regularly made ladies just like me to realize their aims. Your amazing invaluable guideline implies a great deal a person like me and somewhat more to my peers. Thanks a lot; from each one of us.

  8. Thanks a lot for giving everyone such a terrific chance to read from this site. It is often very beneficial and full of a great time for me and my office colleagues to visit your site minimum thrice every week to read through the latest things you have got. Of course, I am just usually motivated concerning the cool suggestions you give. Selected 2 areas in this post are unquestionably the best I’ve had.

  9. I have to show my affection for your kindness giving support to persons who absolutely need assistance with your matter. Your personal commitment to getting the message around appears to be extraordinarily good and have specifically encouraged somebody much like me to reach their ambitions. Your own important guide means much a person like me and especially to my office workers. Best wishes; from each one of us.

  10. My husband and i felt ecstatic that Chris managed to do his homework with the precious recommendations he received from your own blog. It’s not at all simplistic just to be offering guides that some people may have been selling. And we all consider we need the blog owner to be grateful to for this. The type of illustrations you’ve made, the simple blog navigation, the relationships you can assist to promote – it’s got everything impressive, and it is leading our son in addition to us feel that this concept is satisfying, and that is pretty important. Thanks for all the pieces!

  11. I wish to express some appreciation to you just for bailing me out of this particular challenge. Just after exploring throughout the search engines and finding proposals that were not helpful, I figured my life was well over. Living minus the solutions to the issues you’ve sorted out through the guide is a critical case, as well as ones that would have negatively affected my entire career if I had not noticed your web page. Your main expertise and kindness in handling the whole thing was invaluable. I’m not sure what I would’ve done if I hadn’t encountered such a solution like this. I am able to at this time look ahead to my future. Thanks a lot so much for this skilled and sensible help. I will not hesitate to suggest your web sites to anybody who would like assistance about this matter.

  12. I am only commenting to make you understand of the exceptional experience our princess went through viewing your webblog. She mastered a good number of details, not to mention what it is like to have an excellent giving style to get men and women with no trouble completely grasp chosen hard to do subject areas. You undoubtedly did more than people’s expectations. Thank you for producing such necessary, trusted, revealing not to mention cool tips about this topic to Lizeth.

  13. I and also my buddies have already been reading the excellent things on the website while instantly I got a terrible suspicion I had not thanked you for those techniques. Those guys came consequently thrilled to see them and have certainly been using them. Appreciate your truly being well kind and also for making a choice on such great things most people are really needing to understand about. Our sincere regret for not expressing gratitude to you sooner.

  14. I would like to show my thanks to the writer just for bailing me out of this type of issue. After scouting through the world wide web and finding techniques that were not productive, I was thinking my life was over. Being alive without the approaches to the problems you have fixed as a result of this write-up is a crucial case, as well as ones that might have adversely damaged my entire career if I hadn’t encountered your blog. Your main understanding and kindness in maneuvering a lot of things was precious. I am not sure what I would’ve done if I had not come across such a thing like this. It’s possible to now relish my future. Thanks very much for the specialized and effective help. I won’t hesitate to refer your web page to anyone who desires guidelines on this situation.

  15. I wish to point out my respect for your kindness in support of folks who have the need for assistance with this one situation. Your personal commitment to getting the solution along appeared to be rather effective and has surely encouraged professionals just like me to achieve their pursuits. Your personal insightful guidelines can mean a lot a person like me and far more to my colleagues. Best wishes; from each one of us.

  16. I would like to show my passion for your kindness in support of individuals who have the need for assistance with that issue. Your real commitment to getting the solution all through had become especially informative and have without exception encouraged others much like me to arrive at their desired goals. This warm and helpful information implies much a person like me and still more to my peers. Many thanks; from each one of us.

  17. I as well as my guys ended up going through the good pointers found on the blog while quickly developed a horrible suspicion I had not thanked the web blog owner for those strategies. Most of the ladies had been glad to learn all of them and have now really been having fun with these things. Thank you for actually being well considerate and also for having variety of amazing subjects millions of individuals are really desirous to know about. My personal sincere regret for not saying thanks to you earlier.

  18. I as well as my buddies have been reviewing the great items on the website and quickly got an awful suspicion I never expressed respect to the website owner for them. All of the people were definitely absolutely warmed to study them and have now sincerely been tapping into those things. Thank you for actually being simply helpful and for selecting this sort of high-quality useful guides most people are really desperate to discover. My personal sincere apologies for not expressing appreciation to you sooner.

  19. I’m just commenting to make you understand what a notable encounter my wife’s girl enjoyed studying your web page. She picked up numerous things, including what it is like to possess an excellent teaching character to get other individuals very easily thoroughly grasp certain extremely tough things. You undoubtedly exceeded people’s expectations. Many thanks for displaying the insightful, trusted, edifying not to mention fun thoughts on your topic to Julie.

Comments are closed.