Latest UK Treasury Guidance: No Change to 15% Tax Rate Latest UK Treasury Guidance: No Change to 15% Tax Rate
Rian (Ree) Saunders, Creative Commons Attribution 2.0 License
Key Takeaways
  • The UK Treasury has published an information document on “Remote Gambling Taxation Reform.”
  • The note includes an impact statement, the text of the proposed amendments to the Betting and Gaming Duties Act 1981 and an Information Note explaining the provisions and providing guidance on their interpretation.
  • Gaming Duty remains set at 15%—the calculation permits VIP benefits and rakeback to be deducted from taxable profits.
  • Address requirements will mean players have to resubmit details every six months.
  • The treasury expects the bill to have a negligible impact on the broader economy.

The UK Treasury has published an information document on forthcoming remote gambling taxation reform.

The note includes an impact statement, the full text of the proposed amendments to the Betting and Gaming Duties Act 1981, and an Information Note explaining the provisions and providing guidance on their interpretation.