In response to the Chancellor’s announcement that it is consulting on audio-visual tax reliefs, Dr Richard Wilson OBE, TIGA CEO, said:

“TIGA looks forward to responding to the consultation on audio-visual tax reliefs. Video Games Tax Relief (VGTR) is enabling our sector to grow strongly. TIGA played a critical role in the long battle to win VGTR, which effectively reduces the cost and risk of game development and incentivises investment and employment growth in the industry. The UK games industry’s headcount declined by an annual average of 3.1 per cent between 2008 and 2011, before VGTR existed. Since 2014 when VGTR was introduced, the headcount in the industry has grown on average by 9.9 per cent each year.”

“The UK Government could enhance VGTR to improve the overall environment for games development in the UK. This would enable our industry to secure a larger share of the market for games production and content and to stay competitive against other jurisdictions with generous tax incentives.” To read TIGA’s press release in full, click here.