ELSPA 'disappointed' Budget lacks games tax break

ELSPA 'disappointed' Budget lacks games tax break
Michael French

By Michael French

March 12th 2008 at 5:24PM

Association representing publishers says Government has 'missed an opportunity' to introduce production tax credit

UK Chancellor Alastair Darling has today delivered his Budget - but not included any concessions to the games industry as has previously been demanded by numerous voices in the sector.

Last week, new CEO of independent developer association Tiga Richard Wilson said it was imperative that the Government introduce a production tax credit akin to those already in place in Quebec and now viable in the EU following an OK of France's own state-run games fund late last year.

With the Budget set for the year, ELSPA - which represents publishers - has spoken out, saying it is disappointed the Government has not made a formal pledge to support the games industry.

Paul Jackson, director general of the organisation, commented: "We are disappointed that the Chancellor missed the opportunity today to offer French-style tax breaks to UK developers.

"However, positive discussions continue with the Treasury and we are hopeful of persuading them of the economic argument to support our case in due course."