New tax incentives for game developers?

I think this has already been going on to some degree behind the scenes. The UK announcement has probably given it fresh impetus.

Aphra

and I see the French tax credit system has been reapproved this week

see http://www.tiga.org/news/press-releases/a-victory-for-french-uk-and-european-game-developers-as-the-european-commission-confirms-frances-video-game-tax-credit

Aphra

Does anyone know of any gaming companies using 481 in its current guise? I heard it was possible but not sure how….

Does anyone know of any gaming companies using 481 in its current guise? I heard it was possible but not sure how….[/quote:207a859f63]

I’d be interested to hear how. The guidance notes specifically state "excluding computer games" when discussing qualifying films, and list "games" as being ineligible…

We looked into aspects of this back before in TKO (before it became PopCap Ireland). We had artists working on games art and the question arose as to whether games artists could be exempted from paying tax. As it turned out it’s a sort of grey area. If you are executing your own concept as an artist you are exempt, but if it’s someone elses concept you are not. I’m not sure how you could get round that. But I think that if an artist is creating a game from scratch, that’s their own idea, and they are using a games creation software package (for example) to make the game, then they should really be exempt. Either way it’s something that could do with a bit of clarification.

details on the proposed UK scheme are becoming available.

For one overview see develop at http://www.develop-online.net/news/42752/Revealed-The-video-games-cultural-test

and for details on the consultation see http://www.hm-treasury.gov.uk/consult_creative_sector_tax_reliefs.htm

Aphra

It’d be nice if they did this in Ireland.

It’d be nice if they did this in Ireland.[/quote:c50dc20a4c]

Lol that would be the day :P

Then again i don’t see why they dont – its not like we couldn’t do with it

Sarah :roll:

UK tax credit scheme has been passed by the Commission in Brussels.

See: http://europa.eu/rapid/press-release_IP-14-331_en.htm

It will be interesting to see if there is a move here for something similar.

Aphra

Just in time for Quebec to cut back on its supports due to what looks like – to us – a small budget deficit!

http://www.develop-online.net/news/sweeping-quebec-cuts-hit-canada-s-generous-games-subsidies/0194129

Aphra