Treasury faces warnings 25% MGD rate could close UK gambling venues
Summary
Stakeholders warned the Treasury that a 25% machine games duty rate could cause bingo clubs, casinos and betting shops to close. They also said the increase could reduce tax receipts; the report described the rate as a proposed five-percentage-point rise ahead of the Autumn Budget.
Why it matters
Stakeholders warn the proposed duty increase could close venues and reduce tax receipts, affecting operators and Treasury expectations.
Cite as: SectorWire, “Treasury faces warnings 25% MGD rate could close UK gambling venues”, https://sectorwire.news/item/treasury-faces-warnings-25-mgd-rate-could-close-uk-gambling-venues/