July 21, 2022
The new ‘UK Market Bill’ has been submitted to Parliament, which sets out new legislation for cryptocurrencies to be treated as a financial asset class. The bill has called for existing rules for banking and payment processing to be modified and expanded to cover new cryptocurrencies and their related assets and transactions. The proposed regulations are part of a new …
Read More »October 26, 2018
Next Week (Monday 29 October) will see all the debate come to an end as Chancellor Philip Hammond delivers the UK Budget 2018, with industry expectations firmly set to see a significant remote gaming duty (RGD) increase. Representing the third online gambling tax constraint imposed by the government since 2014, following point-of-consumption (POC-2014) and Industry Free-Play taxes (2016), 20 and …
Read More »January 3, 2017
The government has launched a campaign to encourage the public to return round £1 coins after it was announced that the new 12-sided £1 coin will enter circulation on March 28. The Treasury, which estimates that £1 coins’ account for almost a third of £1.3 billion of coins stored in saving jars across the UK, has confirmed that the old-style …
Read More »March 18, 2015
Chancellor George Osborne has seemingly given the go-ahead for the long-standing Horseracing Levy to be replaced by a ‘betting right’ – presumably meaning that bookmakers will have to pay racing for the privilege of taking bets on the sport. In today’s Budget announcement, Osborne said that the Government was ‘introducing a horseracing betting right’ , although there was scant other …
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