De Fondaumiere: UK could implement tax relief retroactively

De Fondaumiere: UK could implement tax relief retroactively
Craig Chapple

By Craig Chapple

April 30th 2013 at 3:45PM

Quantic Dream co-founder surprised by European Commission's investigation as France enjoys incentives

UK games tax relief could be implemented retroactively should the scheme get approve by the European Commission, says Quantic Dream co-founder Guillaume de Fondaurmiere.

Speaking to Gamesindustry, the industry veteran expressed his surprise over the EC’s decision to investigate UK tax breaks, given that such relief had already been investigated and implemented in France in 2008, and was also recently extended to 2017.

He said that he was hopeful however on the UK’s chances for approved tax relief, and suggested that despite the delay, incentives could be applied retroactively to ensure UK developers do not miss out.

“One reason for hope, even though I can imagine that British developers are a bit worried, is that in France what we obtained was sort of 'backwards compatibility’,” said de Fondaurmiere.

“We got the greenlight from Brussels at the end of 2008, but the measure was implemented retroactively from the beginning of 2008, so we didn't lose a year. That might be something that the British government might also try to enforce so that UK developers don't have to wait another year.

“But let me say that I am very optimistic, I think it will go through. I think that the very same arguments that we put forward are going to be heard at a European level. Also the measures are already in place, and very positively so, in France, so I can't see a reason that it would be rejected.”

Yesterday UK chancellor George Osborne and Culture, Communications and Creative Industries Minister Ed Vaizey offered their support for UK games tax relief as similar schemes are enacted for the high-end TV and animation industries.

The two tried to allay fears surrounding the incentives, likening it to France's own games tax scheme, and said the Government would be responding to the EC's investigation and the questions surrounding the cultural benefits of the program.