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Tracey Crouch MP resigned as Sports Minister on 1 November 2018 citing the decision to implement the reduction in maximum FOBT stakes in October 2019 as the reason for so doing. She was applauded as being principled and courageous for her action. In her resignation letter she claimed “two people will tragically take their lives every day due to gambling-related problems”. This appears a shocking statistic and has already been repeated several times since then by various media. But is it accurate? Read More
The rate of Remote Gaming Duty was increased to 21% in the 2018 Budget to offset the loss in Machine Games Duty caused by the reduction in maximum stakes on FOBTs (B2 machines). Based on Treasury forecasts, the government will come out ahead on the deal to the tune of GB£ 75 million over five years. Read More
The UK Chancellor has used his 2018 Budget to increase the rate of Remote Gaming Duty (RGD) from 15% to 21% as he seeks to make up the tax loss from the reduction in maximum FOBT (B2) stakes. Read More
