Online betting firms to pay billions more in UK tax, Reeves confirms
The chancellor almost doubled remote gaming duty in Wednesday’s budget, taking it to 40% from April next yearBudget 2025 – live updatesOnline casinos and bookmakers will pay billions of pounds...
By Rob Davies · The Guardian World
The chancellor almost doubled remote gaming duty in Wednesday’s budget, taking it to 40% from April next year Budget 2025 – live updates Online casinos and bookmakers will pay billions of pounds more in tax under a steep rise in duties levied on their takings from British gamblers . Shares in UK gambling firms began tumbling even before Rachel Reeves announced the change in her budget , after the Office for Budget Responsibility (OBR) – which assesses the likely impact of tax changes – accidentally published a document confirming that the industry had been singled out for higher taxes. Continue reading...