TIGA Continues the Games Tax Relief Campaign

TIGA - Representing the game industry, Continues the Games Tax Relief CampaignThe trade association, which represents the United Kingdom Games Industry TIGA, stated today that they will continue to "champion" the case for Games Tax Relief or an equivalent measure in the run up to the next General Election. TIGA also promised to support the games industry with other actions, besides the continuation of the campaign, including ideas to enhance the education and skills, and to promote industry-university knowledge transfer.

TIGA made the commitment by a statement of the Financial Secretary to the Treasury Rt Hon Stephen Timms MP, who stated that "We, The Government, will continue to look at the industry’s case for a change to tax treatment." He made that remark in a debate in the House of Commons on 7th January on the Pre-Budget Report.

Chairman of the TIGA board and CEO and Creative Director of Rebellion Studios Jason Kingsley stated that: "TIGA will continue to lead the campaign for Games Tax Relief or a similar fiscal measure in the run up to this years General Election and beyond. TIGAs vision is to make the UK the best place in the world to do games business. This demands fiscal reform. TIGA welcomes the Rt Hon Stephen Timms positive remarks in respect of continuing to look at the tax regime governing the industry. We will be meeting with Treasury officials shortly to strengthen the industry’s case for Games Tax Relief"

The Games Tax Relief arguments remain strong. Published data by M2 Research shows that there were 11.488 global job losses in the game industry between late 2008 and 2009. USA accounted 71 per cent of those losses; Europe accounted 13 per cent of redundancies and the UK making up 81 per cent of the European total. Canada suffered a mere 2 per cent of game studio layoffs. This helped the Canadian games industry to weather the last year’s economic storm.

CEO of TIGA Richard Wilson stated that: "The forthcoming General Election will give TIGA a great opportunity to raise the industry’s profile amongst parliamentary candidates of all major political parties. Results are achieved by perseverance. TIGA will therefore continue to fly the flag of our creative, innovative and successful industry amongst policy makers in order to achieve measures that make a tangible difference to our sector."

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