U.K. Government Launches Consultation on TV, Animation, Games Tax Breaks

The U.K. government on Monday formally opened its promised consultation on a proposed tax break program for high-end TV productions, such as Downton Abbey, animation projects and video games.The Treasury Secretary said Monday that industry representatives and others can comment on the proposal, first outlined in the budget earlier this year, until September. It vowed that the incentives, modeled after a long-standing 25 percent tax break for feature films and scheduled to go into effect in April 2013, would address concerns about runaway production."The U.K. is a world leader at producing animated programs, high-end television and video games and the government is keen to provide the necessary support to maintain this status," the treasury department said in a post on its web site."Without government support for these industries, there is a risk that underinvestment will lead to valuable productions moving overseas or not being made at all."Email: Georg.Szalai@thr.comTwitter: @georgszalai