ONLINE gambling will become more expensive after Chancellor Philip Hammond hiked remote gaming duty by 6 per cent in today’s Budget.
The tax hike – which applies to online casino games such as poker and blackjack – is to help pay for a crackdown on fixed odds betting terminals (FOTBs).
The tax will increase from 15 per cent to 21 per cent from October next year.
The Government plans to use the money raised from the hike to offset the cost of reducing the maximum stakes for fixed odds betting terminals (FOTBs) from £100 to just £2 from October 2019.
Pret A Manger and Itsu
“The team at Joelson are entrepreneurial and focussed on getting the right result for their clients. I would highly recommend them to any entrepreneur or business. Thank you Phil, Jo and David.”
Co-founder, Pret A Manger and Itsu