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UK Budget - Tax relief for video games development

Mr_GrinchMr_Grinch Registered User regular
edited March 2010 in Games and Technology
Probably not a topic that'll gather massive discussion here, but UK folks will know it was the budget today, what might have slipped by is this little gem:

(Snippets from the budget document)

"The government is launching a University Enterprise Capital Fund to exploit the commercial
potential of the UK’s world-class research base; and, subject to state
clearance, introducing a tax relief for the UK’s video games industry;"

"Creative Industries - 4.33 The creative industries, including the video games industry, make a valuable
economic and cultural contribution to the UK. The Government announces that, following
consultation on design, it will introduce a tax relief for the UK's video games industry,
subject to state aid approval from the European Commission."

There's also a pretty little table with some values on (2011-12 Indexed = -40, 2012-13 Indexed = -50).

Not a lot to go on as of now but should help out the UK devs a bit.

Also cider has gone up 10%.

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