New Posts For Thread: More than 100 Labour MPs urge Chancellor to hike gambling taxeshttps://community.betfair.com/horse_racing/go/thread/view/94102/31884951/more-than-100-labour-mps-urge-chancellor-to-hike-gambling-taxesThe IPPR proposes increasing the tax rate on the 'gross gambling yield' - the money taken by betting companies after winnings are paid out:• Remote Gambling Duty on online slots, poker and online bingo would rise from 21% to 50%.• Machine Games DShe sees the whole lot as gambling…..she doesn’t care about the industry and will probably shaft it rotten….https://community.betfair.com/horse_racing/go/thread/view/94102/31884951/more-than-100-labour-mps-urge-chancellor-to-hike-gambling-taxes?post_id=565005569#565005569She sees the whole lot as gambling…..she doesn’t care about the industry and will probably shaft it rotten….Wed, 01 Oct 2025 05:02:16 -0500If taxes on horseracing increase then i will stop betting. Margins are already too thin. It would be a waste of time at my time of life.HOWEVER there are millions of problem gambler slots players out there who will sadly carry on as usual, just runnihttps://community.betfair.com/horse_racing/go/thread/view/94102/31884951/more-than-100-labour-mps-urge-chancellor-to-hike-gambling-taxes?post_id=565005545#565005545If taxes on horseracing increase then i will stop betting. Margins are already too thin. It would be a waste of time at my time of life.HOWEVER there are millions of problem gambler slots players out there who will sadly carry on as usual, just runniWed, 01 Oct 2025 04:51:14 -0500Not sure how they will gain more tax.1. Many bookies will have to reduce the odds so punters will lose their bank more quickly so less turnover.2. Punters who lose will spend less on items that carry VAT so the Government lose revenue there as well.https://community.betfair.com/horse_racing/go/thread/view/94102/31884951/more-than-100-labour-mps-urge-chancellor-to-hike-gambling-taxes?post_id=565004421#565004421Not sure how they will gain more tax.1. Many bookies will have to reduce the odds so punters will lose their bank more quickly so less turnover.2. Punters who lose will spend less on items that carry VAT so the Government lose revenue there as well.Tue, 30 Sep 2025 12:35:18 -0500Seems the increase in tax to pay forABOLITION OF CHILD BENEFIT CAPhttps://community.betfair.com/horse_racing/go/thread/view/94102/31884951/more-than-100-labour-mps-urge-chancellor-to-hike-gambling-taxes?post_id=565003683#565003683Seems the increase in tax to pay forABOLITION OF CHILD BENEFIT CAPTue, 30 Sep 2025 06:49:26 -0500Fodder should strike for a month…..startle a few tbh….https://community.betfair.com/horse_racing/go/thread/view/94102/31884951/more-than-100-labour-mps-urge-chancellor-to-hike-gambling-taxes?post_id=565003423#565003423Fodder should strike for a month…..startle a few tbh….Tue, 30 Sep 2025 04:13:41 -0500Impossible i am amazed that someone on this forum can be so naive with regards black markets. I can assure you its far from a bookie ruse. I personally know of 9 20-30k daily turnover players that have headed that way. Anyone who wants to punt/tradehttps://community.betfair.com/horse_racing/go/thread/view/94102/31884951/more-than-100-labour-mps-urge-chancellor-to-hike-gambling-taxes?post_id=565003407#565003407Impossible i am amazed that someone on this forum can be so naive with regards black markets. I can assure you its far from a bookie ruse. I personally know of 9 20-30k daily turnover players that have headed that way. Anyone who wants to punt/tradeTue, 30 Sep 2025 04:05:18 -0500Duty is paid on gross gaming profits, so costs aren't deducted. Offshoring doesn't matter, as duty is paid on profits made from uk customers, no matter where the location of the business.https://community.betfair.com/horse_racing/go/thread/view/94102/31884951/more-than-100-labour-mps-urge-chancellor-to-hike-gambling-taxes?post_id=565003275#565003275Duty is paid on gross gaming profits, so costs aren't deducted. Offshoring doesn't matter, as duty is paid on profits made from uk customers, no matter where the location of the business.Tue, 30 Sep 2025 01:56:16 -0500Can’t the bookies off shore,like Costa coffee or google.Why are spins a point of consumption tax yet other companies can get round that.It’s on profits.So buy the software company,get them to sell you the spin app for millions,make zero profit,nohttps://community.betfair.com/horse_racing/go/thread/view/94102/31884951/more-than-100-labour-mps-urge-chancellor-to-hike-gambling-taxes?post_id=565003125#565003125Can’t the bookies off shore,like Costa coffee or google.Why are spins a point of consumption tax yet other companies can get round that.It’s on profits.So buy the software company,get them to sell you the spin app for millions,make zero profit,noMon, 29 Sep 2025 16:53:38 -0500Government,anti gambling lobby’s,mp s.Customers need protecting from gambling harms,we need to step into this industry.Solution,It’s fine,carry on,just give us 50% and we ll leave it .It’s either bad,if so ban it,But saying to the bookies,youhttps://community.betfair.com/horse_racing/go/thread/view/94102/31884951/more-than-100-labour-mps-urge-chancellor-to-hike-gambling-taxes?post_id=565003119#565003119Government,anti gambling lobby’s,mp s.Customers need protecting from gambling harms,we need to step into this industry.Solution,It’s fine,carry on,just give us 50% and we ll leave it .It’s either bad,if so ban it,But saying to the bookies,youMon, 29 Sep 2025 16:40:49 -0500The machine players will still be able to get their fix in the casino style shops that are on the High Streets of larger towns.. I don't know how these are to be affected by the possible new tax changesThere is still a good atmosphere in my local boohttps://community.betfair.com/horse_racing/go/thread/view/94102/31884951/more-than-100-labour-mps-urge-chancellor-to-hike-gambling-taxes?post_id=565003097#565003097The machine players will still be able to get their fix in the casino style shops that are on the High Streets of larger towns.. I don't know how these are to be affected by the possible new tax changesThere is still a good atmosphere in my local booMon, 29 Sep 2025 16:13:51 -0500