They currently pay 15 percent gross profits tax

UK gambling firms bracing for budget tax changes

2008-03-12
Reading time 16 seg

Having seen the UK’s casinos battered by last year’s budget analysts, UK bingo companies expect an easier ride for gambling firm’s this time around. Analysts say bingo firms may have to wait a little longer however to see an announcement to change the rules.

Removal of the VAT on bingo revenues involves both VAT (17.5 percent) and Gross Profits Tax (15 percent) being applied to bingo revenues.

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