UK Taxman Trusts on Lottery, Online Casino To Keep Cash Full

UK Taxman Trusts on Lottery, Online Casino To Keep Cash Full

British gambling journalists may be in trouble, but the government continues to emerge like tax-hanging bandits.

HM Revenue and Customs (HMRC) released on Thursday the latest UK gambling and gambling bulletin, revealing that the government’s six-month tax on gambling ended September 30 was B 1,463, up 0.5% from the same period last year.

Although the total volume of shipments is virtually unchanged, the share of each gaming segment in this total has changed dramatically since April 1, when the UK Government closed 15% of Remote Gaming Duty (RGD). rose to 21 percent.

HMRC’s RGD shipments on April 1, 30, were $ 332.4 million, compared with $ 263.9 million for the same period last year, an increase of 26% over the previous year. As a result of this change, online casino taxes accounted for 22.7% of HMRC’s total gambling, compared with 18.1% for the same period last year.

The Government has encouraged the RGD to offset the forced reduction in the maximum wager on fixed-odds betting terminals (FOBTs) by UK betting providers. The move also took place on April 1st. According to HMRC’s latest report, Machine Gaming Duty ($ 270.3 million) (MGD), down 24.2% from a year earlier.

HMRC’s online casino tax increased by $ 68.5 million, while the FOBT tax decreased by $ 86.7 million. Taking into account the three months ended September 30, which included a more active sports calendar and increased opportunities for cross-selling online casinos, the RGD rose 47.4% ($ 63.4 million), while the MGD fell by a third ($ 61.1 million). . ).

Overall, both land based and fixed-based betting increased by $ 274.3 million in the six months ended September 30, about 11% less than a year earlier, although in 2018 the small four-year-old Shindig was known as the FIFA World Cup.

Lottery Duty continued with most of HMRC’s gambling tax of $ 471.7 million, nearly 16% a year. Lottery numbers hit a record $ 90.7 million in September, which gave HMRC a higher-than-average final price.

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