10+ mon, 1+ week ago   (286+ words) MPs argue that introducing a levy on gambling could generate GBP 3 billion (about $3.9 billion), potentially lifting around half a million children out of poverty In a petition backed by over 100 Labor MPs, Rachel Reeves, the United Kingdom’s Chancellor of the…...

9+ mon, 1+ week ago   (280+ words) ILLEGAL gambling is set to double in the wake of Chancellor Rachel Reeves’ tax-raiding Budget, the industry fears. Experts forecast more than £6billion in stakes could be diverted to the black market — a 140 per cent hike. The Betting and Gaming Council…...

9+ mon, 2+ week ago   (438+ words) Britain will almost double the tax on online casinos and betting firms from next year, Chancellor Rachel Reeves said on Wednesday, in a move expected to raise more than a billion pounds annually and intensify pressure on one of the…...

9+ mon, 2+ week ago   (120+ words) Chancellor Rachel Reeves says she is reforming gambling tax to raise more than £1 billion per year by 2031. This includes an increase in remote gaming duty from 21% to 40% and in online betting duty from 15% to 25%. Chancellor Rachel Reeves says she is…...

9+ mon, 2+ week ago   (627+ words) The chancellor almost doubled remote gaming duty in Wednesday’s budget, taking it to 40% from April next year Budget 2025 – live updates Online casinos and bookmakers will pay billions of pounds more in tax under a steep rise in duties levied on…...

9+ mon, 2+ week ago   (167+ words) Budget is 'fair and credible' for working people, says Reeves Reuters Reeves to tax online gambling associated with ‘highest levels of harm’ - Rachel Reeves has announced steep increases in online gambling tax associated with the "highest levels of harm…...

9+ mon, 2+ week ago   (143+ words) The UK has imposed tax rises on the UK’s online gambling sector, one of many budget measures described in an analysis released in error before Rachel Reeves was due to reveal the changes in the House of Commons. Online casinos…...

9+ mon, 2+ week ago   (723+ words) The chancellor has been urged to significantly raise taxes on the "most harmful" forms of online gambling by the chair of a Stormont All-Party Group. "Casino games, slots, roulettes, they're formulated and designed in a way, they allow opportunities to…...

9+ mon, 3+ week ago   (373+ words) Rachel Reeves is planning to bring in a two-tier tax system for sports betting which would see online betting companies pay more tax, while high street bookmakers will keep their current 15 per cent rate. The chancellor is expected to confirm…...

9+ mon, 3+ week ago   (432+ words) Read on to find out exactly how many Betfred shops could close — and how many jobs would be lost — if taxes are hiked RACHEL Reeves has been told by a bookies boss that hiking taxes on the industry will trigger…...