Tag Archives: FOBT
UK – Rank in Betfred zmagata v pomembnem primeru FOBT DDV
UK betting groups Rank and Betfred have won a long-running battle against the UK tax authority concerning value-added tax on FOBTs. The tax tribunal led by Justice Anthony Mann and Judge Thomas Scott accepted Betfred’s claims that collecting VAT on FOBTs between 2005 and 2013 had breached the ‘EU test of fiscal neutrality.’ Betfred said:…
UK – William Hill potrjuje, da je na obzorju 700 zaprtij LBO
William Hill has confirmed it has entered into a consultation process with retail colleagues over plans to close around 700 licensed betting offices. The group stated: “A large number of redundancies is anticipated with 4,500 colleagues at risk. The Group will look to apply voluntary redundancy and redeployment measures extensively and will be providing support…
UK – Two high street bookmakers remove products following warning
Products recently launched in high street bookmakers Paddy Power Betfair and BetFred have been pulled following a warning from the Gambling Commission and the operators could still now face regulatory action as the Commission continues to investigate. A third bookmaker who was poised to launch a new product, which has been reported in the media,…
Združeno kraljestvo – Regulator opozarja industrijo iger na srečo, naj se ne izogiba znižanju vložkov FOBT
With the £2 stake limit on Fixed Odds Betting Terminals (B2 machines) comes into force today (Monday April 1), the Gambling Commission has written to bookmakers to remind them of their responsibilities in ensuring consumers are protected. From Monday April 1, the maximum stake that can be offered on the gaming machines will drop from…
UK – Bacta meet with the Minister and explore industry road map
A senior Bacta delegation, comprising National President Gabi Stergides, President elect James Miller and CEO John White met last week with the Gambling Minister Mims Davies and her Civil Service advisers. The meeting, which took place on Wednesday 6 February, was held at Portcullis House and followed the Minister’s attendance at November’s Bacta Parliamentary Reception….
UK – Zamude pri novih zakonih FOBT prisilijo ministra za šport
Tracey Crouch je odstopila s položaja ministrice za šport zaradi zamud pri znižanju vložkov na stavnih terminalih s fiksnimi kvotami. Kancler Philip Hammond je v svojem proračunu potrdil, da znižanje vložkov s 100 GBP na 2 GBP ne bo začelo veljati do oktobra 2019. Gospa Crouch je nekatere poslance ostro oštela, češ da jih 'zelo zanimajo stavnice ...
Združeno kraljestvo – Britanske stavnice so pripravljene za 1 milijardo funtov nepričakovanega dobička, saj je Betfred zmagal v davčni zadevi FOBT
British bookmaker Betfred has won a court case against HM Revenue & Customs (HMRC) concerning the amount of tax it paid on its FOBTs which could see the industry as a whole be reimbursed around £1bn. The tax tribunal ruled that Betfred should not have paid VAT on its FOBts between 2005 and 2013 with…
UK – Bacta to voice members’ outrage over B2 delay at Treasury meeting
A senior delegation of Bacta figures comprising National President Gabi Stergides, Vice President James Miller and Chief Executive John White, will meet with officials from The Treasury next week to convey the industry’s outrage over the proposed delay in implementing the £2 stake on FOBTs and to outline the case for reducing MGD on SWP…
UK – Rise in online gaming tax to cover UK’s FOBT loss
The British treasury has confirmed that online gaming taxation will be increased next April to compensate for the loss of revenue from lower FOBT profits. The new maximum stakes of £2 on FOBTs will not be introduced until 2020, a move which is expected to generate £4bn for the industry. The Treasury stated: “In order…
