Gibraltar gambling commissioner warns UK tax rises could damage sector
Gibraltar Gambling Commissioner Andrew Lyman warned that substantial increases in UK gambling duties could reduce industry profits and economic contributions. He said Remote Gaming Duty might rise by no more than four to five percentage points without wider damage, while the UK Treasury had consulted on combining several gambling duties into a single 21% rate; the budget was due on 26 November.
Potential UK duty changes could affect operators and the economic contribution of Gibraltar’s gambling sector, according to Lyman.