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Government confirms tax relief for UK games industry

Today, during his speech outlining Budget 2012 plans, Chancellor of the Exchequer George Osborne has confirmed that the video games, animation and television industries are to receive tax reliefs.

Osborne acknowledged the need to “support our brilliant video games and animations industries”, with the government aiming to allow the United Kingdom to become “the technology hub of Europe”.

This was later further clarified within the Budget 2012 document, issued by HM Treasury, which reads their aim to “introduce corporation tax reliefs from April 2013 for the video games, animation and high-end television industries, subject to State aid approval and following consultation, as part of a new ambition to make the UK the technology hub of Europe”.

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