Online betting firms to pay billions more in UK tax, Reeves confirms
The chancellor almost doubled remote gaming duty in Wednesday’s budget, taking it to 40% from April next year Online casinos and bookmakers will pay billions of pounds more in tax under a steep rise in duties levied on their takings from British gamblers. In her second budget as chancellor, Rachel Reeves announced duty changes expected to raise an extra £1.1bn a year by 2029-30, raiding a fast-growing sector that made £12.6bn from punters last year. Continue reading… Source link