The UK government planned to issue a total of £50 million in tax breaks for UK developers, starting in April of this year and extending through 2015. The proposed Games Tax Relief (GTR) plan offered 25 percent tax relief on 80 percent of a qualifying game's budget, and required passing a "cultural test" for consideration.
In April, the European Commission launched an investigation regarding the plan's necessity, delaying its implementation.
Continue reading UK games industry still waiting on promised tax breaks
UK games industry still waiting on promised tax breaks originally appeared on Joystiq on Fri, 21 Jun 2013 20:30:00 EST. Please see our terms for use of feeds.