News

UK to Offer Tax Breaks to Game Developers

In an effort to attract video game makers over to the British Isles, the UK government is to offer tax breaks to developers worth millions of pounds. The tax break cap could be worth an estimated £115 million pounds over the next four years, though figures are yet to be finalised.

In order to qualify for the tax break, though, developers will have to pass a “cultural test” to verify that its content is influenced by European culture. Higher scores will be assigned to games that feature European characters and locations.

Jason Kingsley, Chairman of Tiga, the London-based game industry group, spoke to the Wall Street Journal regarding concerns that, in order to qualify for the tax break, developers would shoehorn “European” content into their games. He said, “I remember when people were first talking to me about this. They were saying, ‘Are we going to have tons of games based on double-decker buses and people with bowler hats?” The answer is no. But you could have games like that, and they would probably qualify very easily.”

Source: TweakTown

Ashley Allen

Disqus Comments Loading...

Recent Posts

PlayStation PULSE Elite™ Wireless Headset

Enter a new era in gaming audio with the PULSE Elite wireless headset. Enjoy extraordinary…

2 mins ago

DJI Mini 4K Fly More Combo

As a result of extending the Transition and Legacy arrangements from 01 January 2023 to…

4 mins ago

STALKER 2 Has Already Reached a Major Sales Milestone

It's been less than 48 hours since its debut on PC and Xbox, and yet…

15 mins ago

GIGABYTE X870 AORUS ELITE WIFI7 Motherboard

AMD Socket AM5: Supports AMD Ryzen 9000 Series, 8000 Series, 7000 Series Processors Twin 16+2+2…

23 mins ago

Phomemo M02 Pocket Printer – Mini Sticker Printer

Portable size: Simple, elegant shape, compact size 86x84x42 mm, compact size fits perfectly in your…

25 mins ago

Gawfolk 27 Inch PC computer screen

【Excellent Image Display Screen】27-inch curved gaming screen, 1800R arc + va wide viewing angle panel…

27 mins ago