New Posts For Thread: 2012 Budget - FOBTshttps://community.betfair.com/general_betting/go/thread/view/94082/29010745/2012-budget---fobtsI just missed the start of George talking about machines duty, but I think I grasped that bookmakers will pay 20% tax on gross machines profits, which will be up from the current 15%. Is that right?Any hopes of a paltry pay rise within the next fiveFOBT's should be taxed at 99% or banned.https://community.betfair.com/general_betting/go/thread/view/94082/29010745/2012-budget---fobts?post_id=517771131#517771131FOBT's should be taxed at 99% or banned.Wed, 21 Mar 2012 12:04:20 -0500It is not that straightforward...Firstly, the government is getting rid of AMLD (Amusement Machines Licence Duty), whish is approx £2500 per year per terminal, so there is a saving of £10k a year per shop.Secondly, machines profits currently are pahttps://community.betfair.com/general_betting/go/thread/view/94082/29010745/2012-budget---fobts?post_id=517768233#517768233It is not that straightforward...Firstly, the government is getting rid of AMLD (Amusement Machines Licence Duty), whish is approx £2500 per year per terminal, so there is a saving of £10k a year per shop.Secondly, machines profits currently are paWed, 21 Mar 2012 10:44:13 -0500About time something good came out of the machines' profits though if it goes to fund schools, hospitals etc....https://community.betfair.com/general_betting/go/thread/view/94082/29010745/2012-budget---fobts?post_id=517763937#517763937About time something good came out of the machines' profits though if it goes to fund schools, hospitals etc....Wed, 21 Mar 2012 08:38:36 -0500I just missed the start of George talking about machines duty, but I think I grasped that bookmakers will pay 20% tax on gross machines profits, which will be up from the current 15%. Is that right?Any hopes of a paltry pay rise within the next fivehttps://community.betfair.com/general_betting/go/thread/view/94082/29010745/2012-budget---fobts?post_id=517763679#517763679I just missed the start of George talking about machines duty, but I think I grasped that bookmakers will pay 20% tax on gross machines profits, which will be up from the current 15%. Is that right?Any hopes of a paltry pay rise within the next fiveWed, 21 Mar 2012 08:29:58 -0500