Gambling duty changes GOV UK
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- The UK is the nucleus of the current online gambling boom, and you could probably make a strong case that many of the significant changes we see at the moment have slowly stemmed
At Autumn Budget 2024, the government announced its intention to consult on reforms to the tax treatment of remote gambling, aiming to modernise and simplify the tax system. The repeal of Bingo Duty supports lower risk activities and bingo clubs and simplifies the tax system by removing one of 7 gambling duties. The intention of the Remote Gaming Duty rate increase is to disincentivise gambling companies from pushing consumers towards what are considered more harmful products. Increasing gambling duties will raise over £1 billion per year to support the public finances and form part of our ambition to create a fair, modern and sustainable tax system.
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