UK games tax breaks approved after arduous wait
The European Commission has approved measures to introduce games tax relief policies in the UK, bringing an end to a lobbying campaign that has lasted more than half a decade.
Games trade body Tiga estimates that the policy will provide an additional £188 million investment for Britain’s games development sector over the next five years.
The European Commission began to investigate the proposed state aid measures back in 2012, and was tasked with judging whether such policies complied with Europe-wide directives. It now concludes that tax relief measures “are in line with” regulations.
Key to the investigation was determining whether such a policy would give Britain an unfair advantage over other European Union members, and if the framework for the policy encouraged the safeguarding of Britain’s cultural values.