International edition
October 21, 2020

It would like a more transparent sharing of information

BACTA outlines tax concerns with HM Treasury

(UK).- UK gaming and leisure organisation BACTA told HM Treasury officials that it 'remains concerned' with the technical analysis underpinning the current machine games duty (MGD) rates, calling it flawed in a number of 'significant respects.'

T

he association told minister Sajid Javid, Economic Secretary to the Treasury, that it is eager to work with the Treasury to simplify rates and demonstrate how a single rate for gaming businesses would be beneficial to the economy.  

A BACTA statement confirmed: "We are eager to work with Treasury officials to demonstrate how a 15% top rate for all gambling businesses, including remote, while retaining the relief granted by the 5% MGD rate and certain exceptions, will in fact be revenue neutral for the Exchequer."     

The organisation also told Javid that it would like a more transparent sharing of information with the Treasury. "We believe that there is merit in creating a shared industry model as has been done in other sectors, such as with tobacco," it suggested.

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