industry organization Tiga has released a new report to the Treasury that the tax relief for the video game industry will create jobs and make millions for the country

Tiga, the trade body representing independent game developers in the UK presented new data at the Treasury and the Ministry of Culture, Media and Sport to support tax breaks for industry targeted games.

The report, A Tax Relief Games: an incentive to build an enduring video games development sector, the plans submitted for a tax credit system similar to that already provided to the film industry UK United Kingdom. This would mean a 20% relief on expenditure on the UK base for games that cost more than £ 3 million to produce, and 25 percent of basic expenses in the UK for the proposed budgets in the game between £ 50,000 and £ 3m.

Tiga CEO Richard Wilson Dr. said that tax breaks of more than pay for itself in five years, thinking that would create and save 4.661 direct and indirect jobs, while increasing the contribution of development games for the UK GDP of £ 283 million.

Britain has always been a world leader in the global video game industry, which generates more than $ 50 billion per year and is expected to grow 8.2% annually through 2015, according to PriceWaterhouseCoopers.

However, tax incentives working in countries like Canada and the U.S. have attracted major publishers, which are supported by studies in the UK witthdrawn over the last five years.

"The opportunity for Britain is clear," he said. "The gaming industry worldwide has increased 23% due to the global financial crisis, and is expected to grow by over 8% annually through 2015. If adequate support of the government is imminent , the game United Kingdom sector development can take advantage of this projected growth, thus contributing to rebalance the UK economy. "

Labour MP Tom Watson, himself an avid gamer, has championed the cause of the tax relief from the beginning, blogs angry about the problem on your own site.
Watson says the parlimentary support for the campaign is growing. "At Westminster, the all-party group on the computer and video game industry parties support tax relief," he said.

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