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The Betting and Gaming Council (BGC) has appealed to the Chancellor to review the freeze on Gaming Duty Bands for UK casinos, emphasizing the detrimental impact of this freeze on the industry's growth and recovery. This tax freeze, confirmed in the Autumn Statement, is projected to cost casinos £25 million over the next five years, hampering job creation and investment in a sector already grappling with economic challenges exacerbated by the pandemic. The BGC stresses the need for policy changes to enable casinos to thrive and contribute significantly to the economy, expressing concerns that the freeze could impede their ability to rebound effectively from the ongoing difficulties they face.
Source: https://news.worldcasinodirectory.com/betting-and-gaming-council-calls-on-uk-chancellor-to-reconsider-stealth-casino-tax-111204
Source: https://news.worldcasinodirectory.com/betting-and-gaming-council-calls-on-uk-chancellor-to-reconsider-stealth-casino-tax-111204