UK Considers Higher Tax on Slot Machines Ahead of Budget
Chancellor John Healey is reportedly considering a higher tax rate on slot machines as the UK government assesses ways to raise additional revenue ahead of the October Budget. Treasury officials are examining how much money different increases to Machine Games Duty could generate. The duty applies to takings from machines offering cash prizes, including slot, fruit and quiz machines operating on eligible premises. The reported review comes ahead of the October 28 Budget, when the government faces pressure to raise billions […] The post UK Considers Higher Tax on Slot Machines Ahead of Budget appeared first on World Casino News.
Chancellor John Healey is reportedly considering a higher tax rate on slot machines as the UK government assesses ways to raise additional revenue ahead of the October Budget. Treasury officials are examining how much money different increases to Machine Games Duty could generate. The duty applies to takings from machines offering cash prizes, including slot, fruit and quiz machines operating on eligible premises. The reported review comes ahead of the October 28 Budget, when the government faces pressure to raise billions […]
The post UK Considers Higher Tax on Slot Machines Ahead of Budget appeared first on World Casino News.
