The UK’s Chancellor of the Exchequer has announced a rise in British online betting tax to 21% in October 2019 to offset the loss expected from the cut in maximum stakes on fixed-odds betting terminals (FOBTs).
Delivering the Budget for the year ahead, Philip Hammond spoke in parliament and said the tax will increase from 15%.
He said: “I can confirm that we will increase Remote Gaming Duty on online games of chance, to 21% in order to fund the loss of revenue as we reduce FOBT stakes to £2.”
The Real Good Food Company
“The advice we got from Joelson was, as usual, proactive, clear and practical. The timetable was tight but the team made sure we got through everything in good time and with zero fuss.”
Pieter Totte, Executive Chairman
The Real Good Food Company PLC