The UK.
Supporting your growth
Size of market
• Overall market size 2012 = £1.6Bn
• Mobile games – the 2012 UK App market is worth £450m and will surpass...
A rich and diverse ecosystem
• There are many clusters of games companies across the
UK, in cities of London, Manchester, ...
The UK in this sector
• Overseas companies choose the UK to base their EHQ as it has the
market, talent and the business c...
R&D Tax Credit
SME rate (fewer than 500 people worldwide/ €100M turnover)
225% Tax Relief of qualifying expenditure
Redu...
Games Tax Relief
Games Tax Relief designed in consultation with industry as a response
to significant global challenges t...
Games Tax Relief
Headline = 25% Tax Relief on applicable expenditure
Qualification:
Applicant is UK registered company an...
Get in touch
Mark Leaver
UKTI Creative Media Specialist
+44 (0)7884 490937
mark.leaver@uktispecialist.com
@mark_leaver
8DI...
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Games Korean Delegation tax presentation

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Games Korean Delegation tax presentation

  1. 1. The UK. Supporting your growth
  2. 2. Size of market • Overall market size 2012 = £1.6Bn • Mobile games – the 2012 UK App market is worth £450m and will surpass the half billion mark next year (research2guidance, 2012) and over half is spent on games** • Traditional games – the UK console market remains strong despite the falling sales figures that comes with the changing business distribution models • Great talent – The UK has the largest development community in Europe with over 250 development studios and 100s more small development teams and freelancers*** 2 **Research2Guidance, 2012 DIGITAL GAMES
  3. 3. A rich and diverse ecosystem • There are many clusters of games companies across the UK, in cities of London, Manchester, Sheffield, Newcastle, Liverpool, Birmingham, Dundee, Guildford, Oxford, Cambridge and Brighton • There are over 250 professional game developers with many more freelancers and smaller studios producing mobile and social games • There is not the concentration in London, due to the way in which the traditional games industry evolved 3DIGITAL GAMES
  4. 4. The UK in this sector • Overseas companies choose the UK to base their EHQ as it has the market, talent and the business connections to ensure that their games are given the best chance of succeeding across Europe • R&D tax credits provides a boost to games companies developing core software and content for all gaming platforms • The UK government has provided the additional incentive of a tax credit for games companies from 2013 4DIGITAL GAMES
  5. 5. R&D Tax Credit SME rate (fewer than 500 people worldwide/ €100M turnover) 225% Tax Relief of qualifying expenditure Reduces cost of R&D by 30% If loss making can be surrended to receive cash equivalent of 25% of expenditure 5DIGITAL GAMES
  6. 6. Games Tax Relief Games Tax Relief designed in consultation with industry as a response to significant global challenges to position of UK as continuing centre of creative excellence Announced in Budget 2013 simultaneous with incentives for production of Animation & High End TV (modelled on successful Film Tax Relief) Games Relief specifically subject to EU Ratification process. DCMS & industry working with EU on further round of consultation 6DIGITAL GAMES
  7. 7. Games Tax Relief Headline = 25% Tax Relief on applicable expenditure Qualification: Applicant is UK registered company and recognised production entity Core expenditure in UK >25% total budget Production passes “cultural test” as defined and administered by BFI Relief claimed retrospectively through company returns No minimum budget threshold Recognition of new business models 7DIGITAL GAMES
  8. 8. Get in touch Mark Leaver UKTI Creative Media Specialist +44 (0)7884 490937 mark.leaver@uktispecialist.com @mark_leaver 8DIGITAL GAMES

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