BUSINESS

New government plans gross profits tax on National Lottery

TAGs: gross profits tax, 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.

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