Tag Archives: Victoria Howarth

No Favours expected as UK gambling prepares for its new Tax reality

SBC News No Favours expected as UK gambling prepares for its new Tax reality

The UK government has released its policy paper supporting the 2018 Budget, detailing the Treasury’s fiscal planning, monetary policies and industry/commercial duties. The update confirms that the government will implement its long-awaited FOBTs £2 stake reduction from October 2019, a directive that will cost the Treasury £270 million in lost tax revenues by 2023/24. Making up for tax shortfall, the …

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