Tom Watson MP (Labour) is trying to re-start the debate on tax credits for the UK games industry with an Early Day Motion (EDM - Early day motion 1781), calling for improvements to R&D tax credits, particularly an extension for the tax break to include expenditure on premises and the costs of applying for IP protection and design. The EDM is clearly prompted by Tiga, the UK games industry trade association, but the extension requested appears general rather than specific to the games industry.
An Early Day Motion is mostly chasing publicity – it has no real prospect of debate in Parliament – so don’t expect to see anything change in the Finance Bill. At the time of writing the EDM had attracted a grand total of 4 signatures, including that of Watson, but they are at least cross-party.
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