Tax could add £45 million in 2017-18
A plan under discussion by the UK government to levy a tax on gambling free-play offers and other customer incentives will not be addressed until after the June 8 general election, according to SBC News.
In December Her Majesty’s Revenues and Customs introduced an amendment that would introduce the tax as part of the 2017 Finance Bill. But the government chose to remove the amendment, which would have taken effect in August. Officials said they did not think the plan would receive sufficient scrutiny before May 3, when Parliament shuts down ahead of the election.
Last year HMRC said taxing free plays could generate an additional £45 million (US$56.9 million) in the 2017-18 financial year, and up to £110 million by 2020-21.
The measure has been shelved for now but could be revived. If the Conservative Party is reelected in June, the provision could reappear within the government’s “revised finance act,” reported SBC.
