The New Zealand government is proposing to raise its duty on offshore gambling, reportedly to provide funding for local sports and community groups.
A higher duty could change the tax costs faced by offshore gambling operators serving New Zealand.
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It was reported that a Bacta survey warned a possible increase in Machine Games Duty could affect businesses, jobs and investment. The levy applies to gaming machines in the UK.
HM Revenue & Customs published proposed changes on 28 October to UK Remote Gaming Duty rules for promotional plays, tournament participation and prizes. The proposals follow the Upper Tribunal’s decision to overturn a £13.2m assessment against Jumpman Gaming for periods between 2018 and 2022. HMRC expects the new rules to take effect from 1 April 2027.
Reportedly, Former UK prime minister Gordon Brown proposed raising Machine Gaming Duty to help address the winter fuel crisis. He made the suggestion during an appearance on BBC Radio’s Today programme on Wednesday.
The Social Market Foundation has proposed doubling UK Machine Games Duty on Category B machines to 40% of gross gaming yield in the Autumn Budget. It estimated the change could raise £275 million to £458 million, while the Betting and Gaming Council said it opposed an increase; the report also acknowledged uncertainty about how operators would respond.
The Social Market Foundation (SMF) is due to propose raising Machine Games Duty on Category B machines from 20% to 40% in a report scheduled for release the following day. The SMF estimates the change could raise £275m to £458m, while the Betting & Gaming Council opposes the proposal and says it could put venues and jobs at risk.