Reeves's Tax Raid Rocks Gibraltar

Reeves's tax raid rocks Gibraltar

The Chancellor’s Budget may have gone down well with Labour backbenchers, but its ‘smorgasbord’ approach has managed to rather annoy a rather lot of people – including, it appears, those resident in Gibraltar. The gambling tax reforms announced by Rachel Reeves have sparked concerns about the impact these will have on the overseas territory. A

Steep increases for online gambling tax to address ‘highest levels of harm’

There are no changes for in-person gambling or horse racing, while bingo duty is being abolished entirely from April next year. The Chancellor has announced a steep increase in online gambling tax associated with the “highest levels of harm” across the sector. Rachel Reeves said she was reforming gambling taxes in response to the rise in online gambling, announcing an increase in remote gaming duty from 21% to 40% and on online betting from 15% …

Steep increases for online gambling tax to address ‘highest levels of harm’

Treasury proposes 20% national online gambling tax to curb harm – Moonstone Information Refinery

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New UK budget leak reveals biggest online gambling tax rise to date

An Office for Budget Responsibility (OBR) statement accidentally published ahead of schedule has revealed that Chancellor Rachel Reeves plans to raise the remote gaming duty rate to 40%, effective April 2026. Gambling stocks fell sharply as markets reacted to the unexpectedly steep tax hike. While industry observers had anticipated a top tax band of 30%-35%, the increase from the current 21% to 40% goes significantly further than forecast. Accor…

Steep increases for online gambling tax to address ‘highest levels of harm’

The Chancellor has announced a steep increase in online gambling tax associated with the “highest levels of harm” across the sector. Rachel Reeves said she was reforming gambling taxes in response to the rise in online gambling, announcing an increase in remote gaming duty from 21% to 40% and on online betting from 15% to […]