Games Tax Relief

EDM number 934 in 2009-10, proposed by Tom Watson on 24/02/2010.
Categorised under the topics of Arts and Taxation.

That this House congratulates the UK video games industry on its contribution to the country's economy; notes that the video games industry contributes over £1 billion annually to the UK's gross domestic product, generates £400 million for the Exchequer in tax revenues and supports 28,000 jobs; recognises the threat to the UK games industry that comes from its main competitors including the USA, Canada and South Korea who all offer major tax breaks at either national state or regional level for game production or other substantial government financial support; welcomes the research of TIGA the trade association representing the UK games industry, into games tax relief, which shows that a tax break would create or save 3,550 graduate level jobs or the vocational equivalent, and increase and protect £415 million in new and saved tax receipts over five years; and calls on the Government to implement a tax break for game production in this year's Budget.

This motion has been signed by a total of 31 MPs.