Tag Archives: HMRC

Racing stakeholders have joined gaming industry representatives in calling for caution as the government reviews whether to align remote gambling taxes under one structure. HMRC, the UK tax office, is currently in the midst of a review due to conclude in July which could see the three different betting duties combined into one. This would see a general gaming duty …

HMRC has launched a consultation seeking feedback on “the tax treatment of remote gambling” to be applied on UK licences. The consultation will run for a period of 12 weeks, closing at midnight on 21 July 2025, with stakeholders invited to submit responses via an online form. A revision of the current structure of remote gambling duties is due, as …

The UK Gambling Commission (UKGC) has set out its approach to combat unlicensed gambling threats, viewed as a source of crime impacting society. The mandate is led by Chief Executive Andrew Rhodes as the Commission upholds its “corporate strategy to increase investment, resources, and capacity to tackle illegal gambling”. Unlicensed gambling is viewed as a crime and an economic threat …

Entain Plc faces a pending lawsuit aimed at compensating institutional investors stung by the FTSE100 firm’s £585m penalty related to a bribery investigation of its former Turkish business by HMRC. Andrew Hill and Matthew Reach, the litigation team of London law firm Fox Williams, are preparing the claim against Entain “on behalf of institutional investors, targeting autumn 2024.” Fox Williams …

 The UK Gambling Commission (UKGC) stands by its long-term strategy to combat illegal online gambling, as a regulatory objective of the Gambling Review’s White Paper. “The Commission’s approach is to identify and undertake high-impact interventions to disrupt unlicensed operators targeting consumers in Great Britain, all with a view to making it difficult to provide illegal gambling at scale,” stated CEO …

Entain Plc has this afternoon announced that it has reached a definitive settlement on its Deferred Prosecution Agreement (DPA) with the Crown Prosecution Service (CPS), concerning the bribery investigation by HM Revenue & Customs (HMRC) of its Turkish-facing business. Terms of the settlement were approved by Dame Victoria Sharp, President of the King’s Bench Division at the Royal Courts of …

The Treasury has been warned by the Betting and Gaming Council (BGC) not to impose a simplified measure on UK gambling taxes, branded as a ‘Trojan horse’ for the industry and its diverse stakeholders. Last week’s Autumn Statement saw Chancellor Jeremy Hunt confirm that the Treasury would consult on proposals to bring remote betting into a single tax framework, replacing …

Entain Plc has reached an ‘in principle’ agreement with the Crown Prosecution Service (CPS) to resolve its Deferred Prosecution Agreement (DPA) concerning the investigation by HM Revenue & Customs (HMRC) of its former Headlong Turkish business. This afternoon, Entain informed investors of obtaining preliminary judicial approval from Dame Victoria Sharp, President of the King’s Bench Division, to finalise a £585m …

Regulatory difficulties have dogged Entain’s Q3 performance significantly according to the group’s leadership, particularly in Germany and the UK with the group facing an ongoing HMRC investigation in the latter. Expect headlines…. In his address to investors following publication of the company’s Q3 results, group Chairman Barry Gibson informed that Entain will go before the courts during Q4 and expects …

Further to this morning’s announcement of H1 2023 interim results, Barry Gibson, Chairman of Entain Plc, has issued a separate statement on the FTSE100 firm’s ongoing HMRC investigation. The news that corporate governance had reserved a £585m legal provision to settle the HMRC dispute related to the former Turkish business terminated in 2017 dominated Entain’s half-year results. “Whilst negotiations with …