UK TAX BREAKS | BETA
“This is a big and important step towards allowing the UK to compete on a level playing field with heavily supported countries such as Canada.”
Torsten Reil , CEO, Natural Motion
“The games tax break will open up new avenues of games financing for developers and publishers. However, it’s at least a year off yet: the government needs to consult with the games industry about how to solve the significant legal and practical issues in order to make the tax break a reality, as well as obtain EU legal approval – which could take some time.” Jas Purwal,
lawyer, Osborne Clarke
“While there is more to do, this is a critical first step and reassures UK-based games businesses that the Government is serious about securing, protecting and creating further high skilled jobs in this important sector, which now represents the largest entertainment industry sector in the world.” Jasper Smith, CEO, PlayJam
“Accessing the tax relief will help a games design business more efficiently manage its development plans: many designs obviously never get off the ground and so companies face long periods of expenditure without, until now, any income.” Sue Crawford,
Partner and Head of the Tax Group, Wiggin LLP
“For me, the money would be best spent on new start-ups at seed stage, not on allowing ageing corporates to tread water as their market share declines. The industry is at an incredible juncture right now and we have the potential to create large disruptive companies on our own soil that will go on to be world leaders, employ many and put big chunks of tax back in to the state”
Will Luton, Creative Director, Mobile Pie
“Tax breaks can certainly be very effective tools for growing a games industry. They are also important signifiers that governments are actually supportive of the industry. But with tax measures, the Devil is in the details. Their utility really depends on how well they are set up, how easy they are to access, and how much flexibility is allowed anticipating future shifts in the ever changing nature of the industry.”
Ian Kelso, CEO, Canadian interactive Alliance
APRIL 2012 | 21
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