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UK Treasury committee recommends raising remote gaming duty to 50%

Regulation

The UK House of Commons Treasury Committee recommended raising Remote Gaming Duty and Machine Gaming Duty from 21% to 50% in a report approved on 4 November, according to the report. The committee also called for progressive tax rates based on product harms and stronger controls against tax avoidance. Gibraltar’s justice and trade minister and the Betting and Gaming Council opposed the proposal.

If adopted, the recommendation would substantially increase tax rates for remote gaming and machine gaming operators.

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Stakeholders warn UK Treasury over proposed 25% machine games duty rate

Stakeholders and experts warned that a 25% machine games duty rate could lead to bingo club, casino and shop closures and lower tax receipts. The report said the Chancellor was reportedly considering a five-percentage-point increase ahead of the Autumn Budget.

A 25% machine games duty rate would shut bingo clubs, casinos and shops and cut the tax take, according to a warning given to the Treasury. That warning landed before Wednesday's Autumn Budget, with stakeholders and experts pressing their case. The Chancellor was reportedly preparing a five-percentage-point increase to the rate already in force.

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