Tag Archives: Lottery Duty

HMRC reveals gambling receipts did not meet expectations for 2020/2021

SBC News HMRC reveals gambling receipts did not meet expectations for 2020/2021

HM Revenue and Customs (HMRC) has announced that gambling revenue for the 2020/2021 financial year fell below expectations, largely due to the economic impact of national lockdowns. Total tax receipts registered from April 2020 to March 2021 totalled £2.83 billion – a drop of £182 million or 6% when compared to 2019/2020 fiscal duties – attributed to COVID-19 lockdowns enforcing …

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