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UK video games tax relief approved by Europe

Accountancy Age

TAX RELIEFS similar to those afforded to the film industry are to be granted to the production of video games. The European Commission conducted an investigation into a proposed 25% tax relief on a maximum of 80% of the production budget of a qualifying game announced as part of the chancellor’s Budget in March last year. There are currently around 500 games development studios in the UK, employing around 9000 staff….

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