The British games industry is calling for tax breaks to allow it to compete
with foreign rivals.
‘The UK has become a very expensive place to develop games,’ said Ian
Livingstone, creative director at SCi, the owner of the Lara Croft Tomb Raider
franchise, a company which is moving production overseas.
‘We make the UK economy a small fortune but are still treated as pariahs. Why
they go on giving tax breaks to the film industry but not to us I don’t
understand,’ Ian Beverstock, chief executive of Kuju, a games developer, told
Canada has been offering companies lucrative tax deals, meaning many games
production companies are moving their work there.
MTD represents 'the single most significant change to the UK’s system of taxation in recent times', says Knill James partner Nick Rawson. So, how prepared are SMEs for digital tax reporting?
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Unincorporated businesses under the VAT threshold given an extra year to prepare before MTD becomes mandatory