An open letter to the chancellor, Rachel Reeves, has been signed by more than 100 members of the Labour Party demanding a hike in gambling tax duty. In the letter, the lead signatories – Alex Ballinger and Beccy Cooper – claim that there’s a ‘compelling’ case for gambling duty to be increased from its current […]
Government
BHA Calls Out Government’s Gambling Tax Overhaul as ‘Gravest Risk’ to Racing’s Future
The threat of a possible £66 million loss in revenue each year has led the British Horseracing Authority (BHA) to label the government’s proposed gambling tax reform as the ‘gravest risk’ in the sport’s history. The organisation has called upon all racing stakeholders to lobby ministers to U-turn on plans to raise the amount of […]
Rebel MPs Call Upon Government to Abolish Gambling Tax Harmonisation Plan
It’s the age-old debate: should betting on sport be considered separate from gambling on games of chance like slots, roulette and blackjack? After all, the insinuation of sports betting is that it takes some skill to pick out value-priced winners… even if the outcome of said events is out of the punter’s hands. That’s the […]
MPs Call On UK Government to ‘Strengthen Rules’ and Restart Gambling Act Review
More than two years after the previous government’s Gambling Act White Paper was finally released after a series of delays, a group of ministers are calling for a new review into gambling legislation. The Health and Social Care Committee are calling on the new government to restart their Gambling Act overhaul, calling on MPs to […]
New Tax Raid on the Gambling Sector with UK Government’s Proposed Single Rate
The UK government has launched a consultation into a proposed single tax rate for gambling operators, which would replace the previous three-tier system. But if approved, it could see bookmakers landed with an extra 6% hit on their profits each year. Industry stakeholders now have until July 21 to air their concerns, with the possibility […]