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UK games tax breaks: UKIE preparing industry event

Event to be held at BAFTA and will examine tax relief impact on UK TV production

Games trade body UKIE has announced it will host a tax relief event at BAFTA Friday 4 April.

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The event announcement follows rumours that the European Commission has given the green light to the British government's games relief proposal, and that tax breaks for British game development studios will be announced shortly.

UKIE states the event will be attended by a senior government minister to discuss the industry tax reliefs and "to celebrate the one year anniversary of the introduction of tax reliefs for high-end TV and animation. The event will also analyse the economic and cultural impact that the tax relief credit systems have had for these sectors".

UKIE chief executive Jo Twist said the group is "delighted to host an event to discuss this hugely important tax relief, alongside our partners in the TV and animation industries".

"We're very much looking forward to having the opportunity for the games sector to discuss the relief with the government and to hearing some of the positive stories that the TV and animation sectors have to tell one year on from the introduction of their reliefs."

UK industry figurehead Ian Livingstone will also be in attendance and will host a presentation alongside Ian Smith, chair of the British Film Commission and producer of 24: Live Another Day.

The British government announced a games relief proposal in March 2012, which it said was "subject to State aid approval and following consultation".

Chancellor George Osborne previously committed to introducing a game tax break of 25 per cent in December 2012, described at the time as "among the most generous in the world".

Games studios in France have, for several years, been able to take advantage of state aid providing their projects meet certain cultural requirements (CVG's analysis here).

Osborne originally scrapped plans to implement UK tax breaks for games when the Coalition Government came into power in 2010.

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