'Jobs Killer': Gambling Industry Lashes Out at Healey Betting Tax Raid
The duty rise is expected to raise £135 million next year as the Treasury extends business rates relief for pubs, restaurants and other high-street firms.
6 Articles
6 Articles
'Jobs killer': Gambling industry lashes out at Healey betting tax raid
After the Chancellor announced a tax hike for the gambling and betting sector, Saskia Koopman dissected the industry reaction Machine Games Duty (MGD) will rise from 20 to 25 per cent in April 2027, below the 40 per cent demanded by campaigners and some Labour MPs. The Betting and Gaming Council (BGC) warned that almost [...]
British horse racing 'significantly damaged' by John Healey's Budget as sport set to suffer
British horse racing will be "significantly damaged" by John Healey's Budget as the sport is set to suffer following the raising of the rate to Machine Games Duty.The sport is expected to lose around £57million a year on the back of the Chancellor's decision, which could have major implications for the future of the sport.British Horseracing Authority (BHA) chief executive Brant Dunshea issued a statement after Healey's Budget, explaining how th…
Gambling Taxes To Rise Under UK Chancellor Healey; BHA Predicts 'Devastating' Impact To Racing
Gambling taxes will be increased to pay for a high street support package during the 2026 UK budget, with machine gaming duty climbing to 25%, UK chancellor John Healey announced on Wednesday. While the increase is lower than the 40% which was feared – and campaigned for in some quarters – it is still expected The post Gambling Taxes To Rise Under UK Chancellor Healey; BHA Predicts ‘Devastating’ Impact To Racing appeared first on TDN | Thoroughb…
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