informa
2 min read
News

UK Culture Minister Says Game Industry Tax Relief Could Be Years Off

UK Minister for Culture, Communications and Creative Industries Ed Vaizey says that a strict lobbying focus on tax relief for the game industry could cause the issue to be pushed off the agenda for years.
UK Minister for Culture, Communications and Creative Industries Ed Vaizey says that a strict lobbying focus on tax relief for the game industry could cause the issue to be pushed off the agenda for years. Speaking at a select committee on culture, media and sport, Vaizey said if the industry pushes solely for tax breaks, it "could mean a hiatus for three or four years [or more] before it realistically comes back onto the table," GameSpot UK reports. Vaizey encouraged game industry representatives "to look at other creative options" for the government to support the industry, such as regional growth funds and "direct support" from the Department for Business, Innovation and Skills. Some sort of tax incentive for the UK game industry looked set to be part of a Labour budget earlier this year, before the incoming Liberal-Tory coalition squashed those plans over the summer. The lack of such tax incentives has been fingered by many as the cause for the recent shrinking of UK games industry by 9 percent, at a time when tax incentivizing countries like Canada see growth in their local game industries. This June, Activision CEO Bobby Kotick warned "there needs to be an incentive provided for us" to make his company invest further resources in the UK.

Latest Jobs

Treyarch

Playa Vista, California
6.20.22
Audio Engineer

Digital Extremes

London, Ontario, Canada
6.20.22
Communications Director

High Moon Studios

Carlsbad, California
6.20.22
Senior Producer

Build a Rocket Boy Games

Edinburgh, Scotland
6.20.22
Lead UI Programmer
More Jobs   

CONNECT WITH US

Register for a
Subscribe to
Follow us

Game Developer Account

Game Developer Newsletter

@gamedevdotcom

Register for a

Game Developer Account

Gain full access to resources (events, white paper, webinars, reports, etc)
Single sign-on to all Informa products

Register
Subscribe to

Game Developer Newsletter

Get daily Game Developer top stories every morning straight into your inbox

Subscribe
Follow us

@gamedevdotcom

Follow us @gamedevdotcom to stay up-to-date with the latest news & insider information about events & more