Saturday, June 29, 2013

postheadericon EU Commission raises doubts over UK games tax relief, launching investigation




The European Commission announced a "thorough investigation" imminent tax relief for video games in the United Kingdom after doubts about their needs. Breaks, announced last year by the British government, was created to provide relief to 25 percent to over 80 percent of the budget games rating "as used in the UK, a move long demanded by the gaming industry in crisis countries. Nevertheless, today's news raises serious doubts as to whether or not to run, the European Commission has identified a number of concerns about the program.



The EU executive body not only doubt that help is needed to boost the gaming industry in the country, but also noted the possibility that discrimination "property or "positive used and consumed" services in the UK "and" a subsidy race "between EU states. Commission also expressed concern about the proposed UK cultural test and if it would produce" distortions unique competition. "


" The market for game development is dynamic and commercially promising, "said Vice President of Competition Policy of the European Commission, Joaqu?n Almunia. "It is unclear whether the taxpayer should subsidize this activity. These subsidies can distort competition itself. "
Games

UK trade body UKIE says it is" extremely disappointed "by the decision of the European Commission. Response, UKIE observed that investigation could delay the implementation of help, but it was finally approved. Joystiq


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