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UK Treasury Committee urges higher taxes on higher-risk gambling

Regulation

The UK Parliament’s Treasury Committee recommended differentiating gambling taxes by product, with higher rates for forms it considers higher risk, in a report published on 7 November. It also called for a review of anti-avoidance measures to limit movement to unregulated platforms; the recommendations are intended to inform decisions ahead of the 26 November autumn budget.

The recommendations could shape tax treatment for online gambling operators in the UK.

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Regulation

UK Treasury reportedly drops plan for unified gambling tax

The UK Treasury has reportedly abandoned plans to combine Remote Gaming Duty, General Betting Duty and Pool Betting Duty into a Remote Betting and Gaming Tax. The proposal, published for consultation in April, faced opposition from the horseracing sector, which argued that applying a unified rate would disadvantage racing betting; the Autumn Budget is due on 26 November.

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