Abertay University Welcomes Games Tax Break
Dundee based Abertay University, known for their development of up and coming games developers, has welcomed the games tax break approved by the European Commission on Thursday 27th March.
Abertay University is the home of the Dare to be Digital development competition. It also funds up-start independent developers, such as White Paper Games who recently released their debut effort Ether One thanks to funding from the university.
Head of the School of Arts, Media and Computer Games at Abertay University, Professor Louis Natanson was pleased with the announcement:
“It’s fantastic news that the UK’s computer games industry will receive tax breaks, following the European Commission giving the green light. It puts games on a level playing field with other UK creative industries like film.
“Tax breaks will help to encourage investment in the UK, and provide a firmer foundation as home-grown companies look to recruit, expand and establish themselves as major international players.”
However Professor Natanson recognised that the tax relief wasn’t a one size fits all solution, particularly for indie companies:
“Small companies, like those formed by increasing number of Abertay University graduates, face many other problems to getting a company off the ground including getting the right business advice, gathering enough cash to found a business, and then seeking out the business opportunities for contract work, investment and publishing deals.”
The games tax relief comes into effect from 1st April 2014.