Chancellor Philip Hammond has confirmed, during the deliverance for the last Budget before Brexit officially occurs, that the Remote Gaming Duty (tax imposed on for online gaming industries) will be increased to 21% (originally 15%, a 6% increase) as of October 2019.
This new rate of 21% is the 3rd time in four years that the UK has increased the online gaming industry’s tax. Previous times being:
- Point-of-consumption tax in 2014 and;
- Free-Play tax in 2016.
“It seems a long distance now, the days of Tessa Jowell, the former Minister of Culture, Media & Sports under Tony Blair, stating that the UK would lead the world in terms of gambling, through light-touch regulations.” – David Clifton, director of Clifton Davies Consultancy
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