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TOMORROW'S WORLD
07 Feb 2011
SCOTTISH TAX BREAK HOPES OVER VIDEO GAMES REPORT

Scotland's video games companies are hoping an influential report will back their calls for the industry to receive tax breaks.

Hi-tech firms claim tax aid would safeguard thousands of jobs and generate hundreds of millions of pounds of investment.

Scotland has a significant video games sector, in a market said to be worth £55bn worldwide.

The Scottish Affairs Committee report on the industry is due out on Monday.

Video games development is currently worth about £30m to the Scottish economy.

Dundee plays a key part in the sector and is home to about 15 design companies.

But tough global competition saw the industry cut almost a fifth of its jobs in Scotland last year.

The industry was also dealt a blow last summer when the new chancellor, George Osborne, decided not to introduce tax breaks, sparking the inquiry by the Scottish Affairs Committee at Westminster.

The committee heard evidence last October and travelled to Dundee to visit the University of Abertay and two video games studios, as well as meeting industry representatives.

Industry leaders estimate it costs about £60m to develop a new game and claim that with other countries offering tax relief it is vital the UK government does the same.

Scottish games developers are hoping MPs will press the Treasury to reconsider tax breaks.

source:http://www.bbc.co.uk/news

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