Government holds discussion on tax breaks

The Government has discussed the issue of tax breaks for the UK games industry.

Trade association TIGA met with the Coalition Government earlier today to discuss why relief was recently scrapped, as well as other factors that may lead to the decline of the industry.

The session was hosted by Ed Vaizey MP, and included TIGA CEO Dr. Richard Wilson, Blitz Games CEO Phillip Oliver, and Revolution Software's Charles Cecil.

"It was a productive first meeting and TIGA is pleased the new Government is engaging with the industry and listening to our concerns," said Wilson after the talks.

"Today we outlined our three key priorities for the Coalition Government to assist the gaming sector - the introduction of Games Tax Relief or a similar tax relief as soon as possible; the retention and expansion of the SME R&D tax credit scheme; and a reduction in tuition fess for students studying mathematics and computer science degrees."

It was also recommended that the Government work closer with trade organisations when it comes to deciding policy for the industry.

Vaizey said that he was "committed" to the games industry during a talk at Develop last week.