Monday, September 27, 2021

Tag: philip hammond

Gambling not alone as ‘sin’ taxes increase across tobacco and alcohol

UNITED KINGDOM, TAXATION, Philip Hammond, fobts
The latest budget from UK chancellor of the exchequer Philip Hammond has increased tax on online casino games in a bid to cover the £1.15bn lost by the treasury in capping FOBTs. However, gambling wasn’t the only so-called ‘sin’ sector to be hit by the government’s...

Chancellor Philip Hammond accepts £2 limit for FOBTs

FOBT machine
A move to cut the maximum stake on FOBTs is set to be announced by the treasury in two weeks. Chancellor Philip Hammond had previously delayed the decision over the issue of lost tax revenue from the machines.