Today Tiga will submit its long-awaited report on how the UK could implement a tax credit system
Tiga will today present a comprehensive report to the UK Culture Department that – for the first time – outlines practical steps for implementing a tax credit system across Britain’s game development sector.
The major effort is thought to be Tiga’s last push before the ‘Spring 2010’ general election and, possibly, a whole new government to convince.
The whole set of proposals will today end up in the hands of Sion Simon, the government’s Minster for Creative Industries.
You can read Tiga’s preliminary proposals for yourself by clicking here.
Tiga says its report has also made “an unprecedented case for the cultural value of video games”. This new focus for the group comes after Westminster showed that it was only considering tax breaks for games of a ‘British cultural significance’.
Tiga CEO Richard Wilson wants the Government to introduce games tax benefits “at the earliest opportunity”.
“The evidence presented today provides a robust argument for the introduction of a cultural tax break for games production,” he said, “which will benefit both the UK games industry and also ultimately the wider economy, providing additional jobs, investment and UK tax revenues.”
The Department for Culture, Media and Sport (DCMS) launched its comprehensive Digital Britain report back in June. Tucked within a single sheet of the 245-page document was a promise that Brown’s government is “committed to work with the industry to collect and review the evidence for a tax relief.”
This promise is widely considered to be the result of an exhaustive lobbying campaign from an inordinarily united UK games industry.
Lord Puttnam of Queensgate – the vice-chairman of the All Party Parliamentary Group on the Computer and Video Games Industry – wrote a Foreword to TIGA’s report.
“For far too long the UK video games industry has been effectively ‘taken for granted’. To ensure the continuing success of this pre-eminently creative sector, I can only urge the Government to support TIGA’s case for the introduction of a form of Games Tax Relief, as set out in this report.”