In the March 2012 Budget, the Chancellor announced that the Government will introduce corporation tax reliefs for the animation, high-end television and video games industries from April 2013, subject to State Aid approval from the European Commission.
We are now seeking views on a proposed cultural test that will identify culturally British video games, animation and high end television that might be considered eligible for the new tax relief.
“Government is committed to supporting these creative and dynamic sectors by introducing tax reliefs for these industries,” said Creative Industries Minister Ed Vaizey. “The film tax relief has been a huge success and I encourage all those with a vested interest in the animation, high-end television and video games industries to take part in this exercise, and make sure your views are known.”
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The deadline for consultation responses is 29 October 2012.