Budget Tax Hike For Gambling Sites

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Analysis

Coverage 5 articles

• 1 Nov High street ‘slot farms’ could evade budget tax rise through bingo hall loopholeIn his first budget, John Healey proposed increasing slot machine duty from 20% to 25%, aiming to support high street growth. However, Guardian analysis reveals that hundreds of adult gaming centres (AGCs) operated by companies like Merkur and Admiral could evade these taxes by obtaining bingo hall licenses despite primarily offering slot machines. For instance, one such venue in Stockport was fined £100,000 after…The Guardian
• 29 Oct Healey faces bingo backlash as Budget tax raid puts 77 sites and 1,200 jobs at riskJohn Healey is facing backlash from the bingo industry after his recent tax increase on gambling machines as part of the UK Budget. The new tax hike will raise levies on slot machines from 20% to 25%, aiming to address 'gambling harm,' but it has put nearly 80 bingo halls and around 1,200 jobs at risk. Nicole Garrett, chief executive of the Bingo Association, warns that the increased duty could make about a third of…Daily Mail
• 28 Oct High street support pledged but gambling firms set to pay the priceChancellor John Healey announced new support measures for Britain’s high streets, including extending business rates relief to more retail and hospitality businesses starting next year. To fund this, gambling firms will face a tax hike on machine games with stakes over £1, increasing the duty from 20% to 25%, expected to generate £135 million in additional revenue by 2027-28. Additionally, online marketplaces will…Evening Standard
• 28 Oct High street support pledged but gambling firms set to pay the priceChancellor John Healey announced support for Britain’s high streets by extending business rates relief and increasing thresholds for small businesses to avoid paying rates. Gambling firms will face a tax hike on machine games with stakes over £1, with duty rising from 20% to 25%, starting in April next year. This move is intended to fund the extended support for retail and hospitality businesses. The measures…Evening Standard
• 28 Oct Chancellor spares smokers and vapers from fresh tax hikes in Budget weeks after inflation-busting duty rise - as vape shops lose business rates reliefChancellor John Healey announced in his Budget that vape shops will lose business rates relief and a 5p discount rate, effective from April. This decision is intended to fund an increase in small business rates relief thresholds from £12,000 to £18,000. The move follows a previous tax hike on vaping products introduced by Rachel Reeves, which added a flat Vaping Products Duty of £2.20 per 10ml of liquid, impacting…Daily Mail

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