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
2 hours, 52 minutes ago
Everyone loves Nintendo… Delta emulator hits 4.4 million downloads in its first week
Feature
3 hours ago
"Gaming in MENA is just starting. Investment will bring more attention to the region and create more opportunities"
Feature
Apr 24th, 2024
48 top mobile games in soft launch: Squad Busters, CSR 3, Plants vs. Zombies 3, LEGO Hill Climb Adventures, and more
Events
App Promotion Summit London | Europe | Apr 25th |
Esports Future Summit | Middle East | Apr 27th |
Dubai GameExpo Summit 2024 | Middle East | May 1st |
The MENA Games Industry Awards 2024 | Middle East | May 2nd |
GameDev Atlantic 2024 | May 4th | |
Mobidictum Meetup Berlin May 2024 | Europe | May 7th |
Mobidictum Meetup Tallinn May 2024 | Europe | May 21st |
Israel Mobile Summit 2024 | Middle East | Jun 6th |
Popular Stories
News
Apr 23rd, 2024
Supercell’s Squad Busters soft launches today with over 100,000 Google Play downloads
Feature
Apr 24th, 2024