Future Retirement Success
  • Politics
  • Business
  • Investing
  • Stocks
  • Politics
  • Business
  • Investing
  • Stocks

Future Retirement Success

Business

Majority of Britons back increased tax on online gambling as calls for reform grow ahead of Autumn Budget

by October 14, 2024
October 14, 2024
Majority of Britons back increased tax on online gambling as calls for reform grow ahead of Autumn Budget

New polling suggests that over half of Britons (52%) support increasing taxes on online gambling, with many prioritising a hike in gambling duties over other taxes such as income tax, VAT, and fuel duties.

This comes as the Social Market Foundation (SMF) releases a report advocating for a significant increase in Remote Gaming Duty from 21% to 42%, which could generate up to £900 million for the Treasury.

Online gambling, particularly casino gaming, has been linked to higher rates of harm, with fiscal costs estimated at over £1 billion. The SMF report, authored by Dr James Noyes and Dr Aveek Bhattacharya, argues that the sector is currently undertaxed and highlights that UK operators are paying higher taxes in other countries.

With the UK facing a £22 billion fiscal shortfall, the report urges the government to capitalise on this opportunity, restructuring the outdated tax system and addressing the social costs associated with gambling.

Read more:
Majority of Britons back increased tax on online gambling as calls for reform grow ahead of Autumn Budget

0
FacebookTwitterGoogle +Pinterest
previous post
Trump and Harris poll in dead heat in NBC News survey as Election Day approaches
next post
A guide to the new Employment Rights Bill: What businesses need to know

You may also like

Asda’s grocery market share slips as Chairman Lord...

August 14, 2024

Cancelling non doms tax system could be disastrous...

March 6, 2024

Automating Asset Handovers: From Designer PDFs to Office...

May 8, 2025

Xeiandin & Alitam founder Feisal Nahaboo agrees deal...

August 5, 2022

Half of all Londoners aspire to set up...

December 2, 2022

Government ‘removes state guarantees from almost £1bn in...

November 1, 2023

UK car production soars as industry warns of...

October 26, 2023

SME’s call for reforms to break ‘shackles’ of...

December 22, 2022

Diversity is an afterthought in financial services sector

July 6, 2023

UK Inflation Drops to 2.3%: Prompting Potential August...

May 22, 2024

    Get free access to all of the retirement secrets and income strategies from our experts! or Join The Exclusive Subscription Today And Get the Premium Articles Acess for Free

    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Recent Posts

    • Russia says Ukrainian drones hit nuclear power plant during Independence Day strikes

      August 25, 2025
    • Earn $8,800 a day in passive income using your smartphone – Siton Mining Launches New Multi-Currency Cloud Mining App for BTC, XRP, and DOGE

      August 24, 2025
    • Trump gave the Oval Office a gilded makeover – and covered the cost himself

      August 24, 2025
    • Trump learns a lesson grounded in faith, how best to stand tough on trade with China

      August 24, 2025
    • Latest Decode Casino Bonus Code Deals You Shouldn’t Miss

      August 24, 2025
    • Israel set to launch Gaza City offensive: High stakes, high costs ahead

      August 24, 2025

    Categories

    • Business (8,867)
    • Investing (2,235)
    • Politics (16,475)
    • Stocks (3,228)
    • About us
    • Privacy Policy
    • Terms & Conditions

    Disclaimer: futureretirementsuccess.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2025 futureretirementsuccess.com | All Rights Reserved