Scrapping games tax break will save UK £190m - Government

The Coalition Government has claimed that the retraction of the promised tax break for UK developers will save the country £190 million.

The news comes after Tory Chancellor George Osborne announced this week that planned tax incentives for the industry would be scrapped in an Emergency Budget.

Labour promised tax relief for the games industry in its March Budget, following heavy lobbying by industry trade bodies TIGA and ELSPA.

The £190 million figure was today questioned by Labour.

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dangert122706d ago

and that will be 190m spent on supressing and trapping us in the 'system'

Christopher2706d ago (Edited 2706d ago )

Save 190m? Cost how many jobs? Result in how many less domestic sales? Force how many companies to relocate?