New government plans gross profits tax on National Lottery

The manifesto announced by the UK government at the Treasury has failed to address the key issue concerning the UK betting industry today – namely the controversial plans to licence offshore operators who wish to advertise in Britain. Instead the Lib-Con coalition intends to a) examine a move of the National Lottery to a Gross Profits Tax – in other words tax the poor by increasing duty from 12% to 15% and b) use dormant online accounts – in other words jack shit – to fund improvements in local sports facilities. What was that I was saying about the new administration being progressive? Read more.