Chancellor revealed in the Autumn Budget yesterday the timing of implementing the lower £2 limit on B2 machines (FOBTs), effective October 2019. Simultaneously, Remote Gaming Duty (RGD) or Point of Consumption Tax on online gambling will increase from a current 15% of gross gaming revenue to 21% of gross gaming revenue. Though the news of an increase was widely known, timing and scale of increase was unclear, so Oct 19 is a good balance between fiscal years 19/20 and 20/21 and gives ope
30 Oct 2018
Autumn Budget ~ clarity on timing and scale
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Autumn Budget ~ clarity on timing and scale
Entain PLC (ENT:LON), 822 | Flutter Entertainment Plc (FLTR:LON), 14,770
- Published:
30 Oct 2018 -
Author:
Michael Campbell -
Pages:
6
Chancellor revealed in the Autumn Budget yesterday the timing of implementing the lower £2 limit on B2 machines (FOBTs), effective October 2019. Simultaneously, Remote Gaming Duty (RGD) or Point of Consumption Tax on online gambling will increase from a current 15% of gross gaming revenue to 21% of gross gaming revenue. Though the news of an increase was widely known, timing and scale of increase was unclear, so Oct 19 is a good balance between fiscal years 19/20 and 20/21 and gives ope