The European Commission have confirmed that the tax relief for the production of video games in the UK has been re-notified until at least 2023.
Notification is required according to the EU State Aid laws to ensure that any measures introduced to support businesses are not anti-competitive in Member States.
This is fantastic news providing some much-needed confidence to the UK games sector and maintaining a key competitive advantage for UK based studios.
The most important policy debate currently happening that will shape the games industry's future is the European Commission's strategy to complete the Digital Single Market. This covers a wide array of issues, including consumer protection law, copyright, privacy, competition law, data protection and more.
EU digital proposals threaten to stifle innovative business models
At the end of last week, we responded to the Department of Business, Innovation and Skills’ consultation on proposals from Europe on new reules governing the sale of digital content which impact on consumer laws.