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a £22 billion fiscal shortfall, the report urges the government to capitalise on this opportunity, restructuring the outdated tax system and addressing the social costs associated with gambling.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

Delaying Pay Rises Is Driving Staff Turnover, Say...

June 2, 2025

UK house prices fall at fastest pace since...

September 7, 2023

Which Lifestyle Factors are a Common Cause of...

June 19, 2023

Selecting the Right Investment Manager for Your Portfolio

August 17, 2023

Surrey runs out of state school places for...

December 13, 2024

The Benefits and Challenges of Implementing a Knowledge...

December 2, 2024

Harrods threatens to become first major employer to...

August 17, 2022

RAC urges Government not to raise fuel duty...

November 14, 2022

Workplace Safety & Health News: What you need...

April 14, 2025

Skarper secures additional £4m in funding for innovative...

April 12, 2023

    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

    • Friday Feature: Incubate Debate

      June 6, 2025
    • Risch urges ‘top to bottom’ USAID spending review after waste, fraud exposed

      June 6, 2025
    • Universities in Libertarian Land

      June 6, 2025
    • Elon Musk may speak to Trump aides in push to calm feud

      June 6, 2025
    • Everyone Talks About Leaving a Better Planet for Our Children: Why Don’t We Leave Better Children for Our Planet?

      June 6, 2025
    • MARK HALPERIN: Democrats try to construct a Frankenstein candidate while JD Vance gains momentum for 2028

      June 6, 2025

    Categories

    • Business (8,149)
    • Investing (2,013)
    • Politics (15,545)
    • Stocks (3,130)
    • 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