Trade body remains broadly happy with proposals but urges focus to remain on several key areas
6 February 2013 - London, United Kingdom– Games and interactive entertainment trade body, Ukie, has today issued its final thoughts after further conversations with the industry on the proposed tax relief legislation for UK games businesses.
Ukie has once again said that it is broadly happy with the proposed legislation that will determine how the tax credit will work for UK companies large and small as outlined previously:
Dr Jo Twist, CEO Ukie said:“It is vital that we get the new tax relief system right from the very start. The new system needs to reflect how games are made today and support businesses, big and small. Whilst the proposed legislation looks good, we have pored over it in detail and talked with all parts of the industry to make sure it will operate as effectively for them as possible. We urge government to seriously consider the points made in our response, so that we have a system that will really help us compete more effectively with Canada, for example, as the best place to make and sell games and interactive entertainment.”
Vice Chair Ukie and Life President Eidos Ian Livingstone CBE, said:“The proposed introduction of tax breaks and the recent announcement of computer science in the English Baccalaureate will combine to make the UK the best place to develop video games. Ukie has played a major role in the consultation process for tax relief legislation to ensure it is appropriate, practical, effective and available to all development companies, large and small.”
Jay Bedeau, CEO of UK developers, RIE STUDIOS said:“For a small start-up like ours having an effective tax break that we can really benefit from will make a big difference. We’re pleased to see that there is no minimum budget threshold for games to qualify for relief and we hope that government listens to the further points made by Ukie, particularly in making clear how QA in post-release development will be included, and that the UK games industry ends up with the world leading tax relief that this country needs alongside a flow of highly skilled talent into the industry.”
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For all press enquiries, please contact the Ukie press office on T: +44 (0)20 7534 0580 or E: firstname.lastname@example.org
The Association for United Kingdom Interactive Entertainment or Ukie (pronounced YOU-KEY) is a trade body that aims to support, grow and promote the whole of the UK’s games and interactive entertainment industry. Founded in 2010 (although formerly known as ELSPA), Ukie’s membership includes all the major UK and global games publishers and the best of UK development talent - from promising start-ups to some of the biggest, most successful studios operating in the UK today.
We also have distributors, academic institutions, new publishers, and media outlets that are integral to the lifeblood of the industry as part of the family.
Ukie works with government to champion a range of issues including age ratings, education and skills, access to finance and protecting intellectual property rights. It also works with the media to ensure true and accurate representation of the sector by raising awareness of the industry’s positive economic contribution and the societal benefits of gaming to policy makers, regulators and consumers.
One of Ukie’s key roles is to support its members by providing them with key market information, promoting careers and offering the business support services, training and best-practice knowledge to enable them to operate most effectively.
We also offer a comprehensive events programme to give the games industry access to key information, leading industry figures and give everyone the chance to network. You can see our events programme here http://ukie.org.uk/events
In addition, Ukie compiles weekly, monthly and annual retail charts and sales reports for the UK market.