Tag Archives: Remote Gaming Duty

Rank Group’s transformation programme helps boost H2 profits

Following what it described as a ‘tough first half’ to the year, Rank Group has reported that its operating profits have climbed by 20% as detailed in the group’s H2 2018/19 results (6-month period ending 30 June 2019).  While the operator explained that its full-year profits had taken a 22% hit since last year, dropping from £50.1m to £39m, Rank …

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Year in Review: The impact of FOBT regulations

It has proven to be a very tumultuous year for the retail betting sector, with 151 stores closing to the public between March and September. The big four – Ladbrokes Coral, William Hill, Betfred and Paddy Power – continued to dominate the retail scene, holding 87 per cent of betting shops in Great Britain. Generally, however, stores have been struggling …

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Winning Post: Crouch bows out with “alternative facts”

Crouch

Regulus Partners, the strategic consultancy focused on international gambling and related industries, takes a look at some key developments for the gambling industry in its ‘Winning Post’ column. UK: Politics – Crouch bows out with “alternative facts” Last week’s resignation of Tracey Crouch as UK minister for sport (and gambling) marked a new low in the recent history of Britain’s …

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LeoVegas looks for economies of scale to counter UK tax hike

Tax

LeoVegas has pointed to the tax rate in Denmark as evidence that a 21 per cent remote gaming duty on games of chance will not impact the sustainable running of its UK business. This week, Chancellor Philip Hammond confirmed to Parliament that UK Remote Gaming Duty would rise from 15 per cent to 21 per cent, effective from 1 October …

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Preparing for Remote Gaming Duty increase: Should operators be looking beyond the UK?

Owen Tustin, VP Gaming, Relationship Management at emerchantpay, looks at the ways that UK operators can prepare for the mooted increase in taxation in the jurisidictions by looking internationally. Much has been written about the likely impact of the impending increase in Remote Gaming Duty (RGD) on UK-licensed operators. As the Government looks to recover an expected £400m shortfall in tax …

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HMRC seeks industry consultation on Freeplay taxation

Following last March’s UK Budget 2016 announcement, HM Revenue & Customs (HMRC) has released an industry consultation paper detailing its proposals to levy remote gaming duties on freeplays (free bets), in order to align Remote Gaming Duty (RGD) policy with that of free bets in General Betting Duty (GBD). Publishing its consultation paper titled; ‘Tax Treatment of Freeplays in Remote …

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HMRC – gambling tax duty online registration service is now open

HM Revenue and Customs (HMRC) has confirmed that its online registration service for tax duties relating to online gambling services is now open. HMRC management has urged online gambling and sports betting operators who need to register for Remote Gaming Duty (RGD), General Betting Duty (GBD) or Pool Betting Duty (PBD) to register corporate details before UK changes to remote …

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