If you pay corporation tax you should find its just been reduced by 1% and will go down to 22% by 2014. The tax credits should be on what's sold as far as I understand. Its basically a tax break that has only been in the film industry but now includes the games an animation industry.
Its all good but tax changes tend to take a year to kick in with true results on the ground. Its probably why general growth figures have been revised up for the coming years but unchanged for this year. By the end of the parliament there really isn't many reasons why we shouldn't be as competitive as the other hot zones…
Theres alot of info here http://www.tiga.org/news/tigas-successes-in-the-budget-2012 TIGA has a number of successes in Budget 2012, such as: 2.47 Enterprise Management Incentive (EMI) scheme The Government will more than double the individual grant limit from £120,000 to £250,000, to commence at the earliest opportunity…