Further to the news that the UK government has announced tax relief for the creative industries, including game developers, more details have been emerging.
As broken out in official Treasury documents, the government has budgeted that the scheme will cost it £15 million ($24 million) in 2013-2014 and £35 million ($55.5 million) in 2015-2016.
That's a total of £50 million ($79 million) over the two-year period.
It's not clear how long the scheme - which is a relief on a company's profits via corporation tax - will run, however. It will be available from April 2013.
Where the devil hides
More details will become clear as the Finance Bill 2013 is bought to Parliament.
The initiative will also subject to state aid approval, presumably in terms of ensuring it doesn't break European Union competition rules.
Another caveat is that the relief will be provided for game makers, animation studios and what's refereed to as "high end television industries", so the £50 million won't just be available for game developers.
[source: UK Treasury (PDF)]
News
Contributing Editor
A Pocket Gamer co-founder, Jon is Contributing Editor at PG.biz which means he acts like a slightly confused uncle who's forgotten where he's left his glasses. As well as letters and cameras, he likes imaginary numbers and legumes.
Related Articles
Top Stories
News
12 hours, 46 minutes ago
PocketGamer.biz Podcast Week in Views E10 - Brawl Stars smashes 2023 revenue, Square Enix’s extraordinary losses, and Haaland signs for Clash of Clans
News
May 3rd, 2024
Week in Views - Apple back themselves bigstyle, Clash bags Haaland and dreams come true at King
News
May 3rd, 2024
Week in Views - Apple back themselves bigstyle, Clash bags Haaland and dreams come true at King
News
May 3rd, 2024
Mobile Movers: All the latest appointments and job moves from around the industry
Events
LA Games Conference 2024 | North America | May 6th |
Mobidictum Meetup Berlin May 2024 | Europe | May 7th |
Valencia Indie Summit 2024 | Europe | May 16th |
Mobidictum Meetup Tallinn May 2024 | Europe | May 21st |
Israel Mobile Summit 2024 | Middle East | Jun 6th |
WN Conference Istanbul 2024 | Jun 11th | |
DevGAMM Vilnius 2024 | Europe | Jun 14th |
Develop: Brighton 2024 | Europe | Jul 9th |