Tag Archives: fobts

HM Revenue & Customs (HMRC) tracks £1.62bn in tax receipts generated by UK gambling during the first half of the financial year for 2022/2023 (April 2022 to March 2023). The tax authority has published its latest data sets for ‘UK Betting and Gaming’ which include ‘provisional tax receipts’ on income generated during the interim months of 2022/2023 (April-to-September 2022). Generating …

Writing for SBCNews, Pavlos Sideris, director at Double Up Media, discusses the effects of stake limits when gambling and the potential side effects of a stake limit being applied to online slots. 2018 saw the reduction of fixed-odds betting terminals (FOBTs) to maximum stake limits of £2. While this saw a limitation in high-street gambling spend, it’s debatable as to …

There’s a rumour going around that the UK government is poised to announce an affordability limit of £500, and that they will do it without waiting for a white paper or legislation. At London’s ICE 2022 Conference it was all anyone could talk about. But if it happened, would it really be the end for the industry as we know …

MPs in the House of Commons held a two-hour debate yesterday, discussing a range of issues related to the future oversight of the UK gambling sector, with imminent reforms soon to be announced. The debate was led by long-term gambling-reformist Carolyn Harris, Labour MP for Swansea East. Proceedings were opened with Harris acknowledging the wide range of response, evidence and …

The Sheffield Coroner’s Court has begun its inquest into the death of Jack Ritchie (24), a ‘chronic gambling addict’ who in November 2017 took his own life.  The scheduled two-week hearing will examine the role of UK gambling in his death, with regards to industry regulation and the support structures available to those suffering from gambling addiction and mental health …

Rank Group Plc has reached an agreement with HMRC in relation to its outstanding VAT refund claim on slot machine income.  Providing a market update, Rank disclosed that HMRC has agreed to issue a refund of £77.5 million paid machine duties paid from April 2006 to January 2013. In April 2020, an Upper Tribunal judgement voted in favour of Rank …

Rank Group Chief Executive John O’Reilly believes that a positive outcome to the government’s generational review of the 2005 Gambling Act should “rewrite the industry’s historical flaws”.  Delivering the keynote speech at the ‘Reputation Matters: UK Gambling’s Future at Stake’ conference, O’Reilly provided his leadership take on legislative developments amid concerns of how the UK gambling sector will be re-shaped …

William Hill has followed counterparts Betfred and Rank Group Plc in issuing an HMRC claim on compensation owed from tax charges related to fixed-odds betting terminals (FOBTs).  The FTSE bookmaker could stand to secure a multi-million £ tax rebate on FOBT charges issued between 2005 and 2013. William Hill’s HMRC rebate stands from an April High Court ruling that favoured …