commit 811389af80bddcd823fd59a46d598f997f473408 Author: dorothymerrill Date: Sat Apr 11 05:14:29 2026 +0800 Add Steep Increases for Online Gambling Tax to Address 'Highest Levels diff --git a/Steep-Increases-for-Online-Gambling-Tax-to-Address-%27Highest-Levels.md b/Steep-Increases-for-Online-Gambling-Tax-to-Address-%27Highest-Levels.md new file mode 100644 index 0000000..8df1147 --- /dev/null +++ b/Steep-Increases-for-Online-Gambling-Tax-to-Address-%27Highest-Levels.md @@ -0,0 +1,17 @@ +
The Chancellor has revealed a [steep increase](https://camtalking.com/@ajadown697725) in online gambling tax connected with the "highest levels of damage" throughout the sector.
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[Rachel Reeves](https://gratisafhalen.be/author/katlynmelro/) said she was [reforming](http://www.spring-dg.com/2025/11/11/the-bet-9ja-promo-code-this-2026-is-yohaig/) gaming taxes in reaction to the rise in online gambling, revealing an increase in remote gaming duty from 21% to 40% and on online betting from 15% to 25%.
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There are no modifications for in-person gaming or horse racing, while bingo responsibility is being abolished completely from April next year.
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Some parts of the gambling industry, such as racecourses and bingo halls, make a [cultural contribution](https://oke.zone/viewtopic.php?id=376527) to our nation. This is not the case, though, for online slots and other remote gaming
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Dame Meg Hillier, Treasury Select Committee
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The [Chancellor](http://groszek.katowice.pl/forum/profile.php?id=327450) said: "Remote video gaming is associated with the highest levels of damage therefore I am increasing remote video gaming task from 21% to 40%, with responsibility on online betting increasing from 15% to 25%.
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"I am making no [modification](http://cespedypavimentos.es/blog/40_felpudos-vinilo-rizo-pvc.html) to the taxes on in-person gambling or horse racing and I am [abolishing](http://www.landscapeinitaly.com/?attachment_id=1301&lang=de) bingo task totally from April 2026. Taken together, my reforms to betting tax will raise over ₤ 1 billion each year by 2031."
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The reforms are expected to raise an estimated ₤ 1.1 billion for the Government by 2029-30.
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Betting and Gaming Council president Grainne Hurst said: "Massive tax boosts for [online wagering](https://rentry.co/38602-the-bet9ja-promo-code-for-2026-is-yohaig) and video [gaming revealed](https://heyyo.social/@kaseycolls084?page=about) in the Budget make them among the greatest on the planet, and are a disastrous hammer blow to 10s of thousands of individuals operating in the industry across the UK, and countless customers who delight in a bet.
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"Regulated wagering and gaming is one of the UK's few worldwide effective sectors, producing ₤ 6.8 billion for the economy, contributing over ₤ 4 billion in tax and supporting 109,000 jobs, while providing essential financing for British sport.
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"While we invite the decision not to raise land-based responsibilities and to scrap bingo responsibility, these extreme online tax boosts will undermine jobs, [financial investment](https://cuttify.io/lindagabriele7) and growth throughout the UK.
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"The Government's Budget is a massive win for the exceptionally harmful, unsafe, uncontrolled gambling black market, which pays no tax and offers none of the securities that exist in the managed sector.
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"These are bad for tasks, bad for customers, bad for sports and bad for more secure gaming."
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Treasury Select Committee chairwoman Dame Meg Hillier said: "The gambling sector's scaremongering has failed.
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"The Chancellor has made the best decision in concurring with my committee that the tax rate for remote betting, including highly addictive casino games, should show the harm it inflicts.
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"Some parts of the gambling industry, such as racecourses and bingo halls, make a cultural contribution to our country.
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"This is not the case, however, for online slots and other remote gaming which can quickly drain the bank balances of susceptible individuals after just a couple of clicks of a button on a phone."
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