We reported last week on developments in the new creative sector tax reliefs. These tax breaks, which were announced at Budget 2012, will offer corporation tax relief for three types of culturally
We reported last week on developments in the new creative sector tax reliefs. These tax breaks, which were announced at Budget 2012, will offer corporation tax relief for three types of culturally British creative output: animated television programmes, high-end TV productions and video games.
We promised to keep you updated of any developments, so here's the latest.
TIGA, the trade association representing the UK games industry, has now published its response to the government's consultation document .
TIGA's main recommendation is that games tax relief should be underpinned by four principles:
- Helping small budget games as well as large projects
- A flat rate of relief of 30 per cent on eligible projects
- Relief for post-release costs
- Eligibility for educational games
You can read their full response here.
FFW Tax Deductions will keep you updated with further developments on the new tax reliefs in this key sector for our clients.
We promised to keep you updated of any developments, so here's the latest.
TIGA, the trade association representing the UK games industry, has now published its response to the government's consultation document .
TIGA's main recommendation is that games tax relief should be underpinned by four principles:
- Helping small budget games as well as large projects
- A flat rate of relief of 30 per cent on eligible projects
- Relief for post-release costs
- Eligibility for educational games
You can read their full response here.
FFW Tax Deductions will keep you updated with further developments on the new tax reliefs in this key sector for our clients.