All posts with the topic: Gambling

Remote Gaming Duty and freeplays When the point of consumption gambling duty rules were being designed in 2014, many bookmakers complained that free and discounted bets should not be subjected to general betting duty, particularly since the equivalent gaming incentives – “free plays” or “free spins” – were not subject to remote gaming duty. The Government’s response … Continue reading Gambling tax Budget news

With the recent introduction of the place of consumption duties (general betting duty, remote gaming duty and pool betting duty – which are to be considered in the Gibraltar Betting and Gaming Association’s judicial review in the High Court next week) and the recent increase in the rate of duty on FOBTs (to 25%), the … Continue reading Budget 2015 – gambling taxes

FOBTs The increase in the rate of Machine Games Duty from 20% to 25% for machines with the highest value stakes and winnings seems to have taken the market by surprise.  Both William Hill’s and Ladbrokes’ share prices plummeted following the announcement.  What is certainly surprising is that, despite the recent media coverage, there was … Continue reading Budget 2014 : Gambling

In recent years the Rank Group (“Rank”) has been litigating several VAT claims based on “fiscal neutrality” arguments.  There have been many twists and turns in this litigation and the claims have proceeded through the courts in three separate strands. Each of these strands is concerned with a comparison of two types of gambling machine … Continue reading Rank Group: fiscal neutrality case remitted to the First Tier Tribunal

As expected, the Chancellor has announced that gaming machines will be moved into the VAT exemption for gambling and, at the same time, a new Machine Games Duty will be introduced (being a form of GPT for machines).  The news is that the headline rate of the new duty will be set at 20%.  More … Continue reading Changes to gambling duties

There’s precious little in the Budget concerning gambling duties. The way in which machines are taxed is due to change in 2012/13, with the banded licence fee regime of Amusement Machine Licence Duty (AMLD) being abolished and machine takings no longer being subject to standard rated VAT.  Under the new regime – of “Machine Games … Continue reading Gambling duties – no news is good news!

Although the Chancellor suggested that no rates of duty would increase, he mentioned specifically only those relating to alcohol, tobacco and vehicles.  We will be checking the small print in the Treasury press releases to see whether any of the UK’s seven gambling duties are to be affected. The increase in the rate of VAT … Continue reading How will the Emergency Budget affect the gambling industry?

Alistair Darling did not mention gambling taxes at all in his Budget speech, although he did mention the Government’s plan to sell the Tote.   On the Tote, following Gerry Sutcliffe’s recent announcement of the intention to allow the Tote to offer pool betting on sports other than horse racing, the Chancellor has announced that it … Continue reading Gambling

Darling’s announcement of a 2% reduction in the rate of bingo duty (to 20%) was the (apparent) good news.  However, the fact that such reduction is to take effect from a date to be announced in next year’s Spring Budget is very disappointing.   So the Chancellor’s headline-grabbing comment (which got one of the biggest cheers … Continue reading Gambling Duties