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Curiously, none of our brave bookies has produced the traditional bingo card for budget betting. Can't think why!
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From the Racing Post:-
How is gambling taxed at present?
Just to be clear, we are not talking about a return to the days when punters paid tax when they placed a bet. These are taxes paid by operators on their profits, essentially what's left from total stakes after winnings have been paid out. There are a number of duties with different rates but three concern us here. They are:
General betting duty (GBD) which covers fixed-odds and pool bets on horse and greyhound racing placed in betting shops or online, as well as sports bets. Set at 15 per cent.
Machine games duty (MGD) which covers the machines found in betting shops. Set at 20 per cent.
Remote gaming duty (RGD) which covers online games of chance such as slots. Set at 21 per cent.
https://www.racingpost.com/news/britain/racing-tax/the-budget-explained-how-rachel-reeves-statement-could-impact-british-horseracing-aNza08r913dI/
How is gambling taxed at present?
Just to be clear, we are not talking about a return to the days when punters paid tax when they placed a bet. These are taxes paid by operators on their profits, essentially what's left from total stakes after winnings have been paid out. There are a number of duties with different rates but three concern us here. They are:
General betting duty (GBD) which covers fixed-odds and pool bets on horse and greyhound racing placed in betting shops or online, as well as sports bets. Set at 15 per cent.
Machine games duty (MGD) which covers the machines found in betting shops. Set at 20 per cent.
Remote gaming duty (RGD) which covers online games of chance such as slots. Set at 21 per cent.
https://www.racingpost.com/news/britain/racing-tax/the-budget-explained-how-rachel-reeves-statement-could-impact-british-horseracing-aNza08r913dI/
Today is going to be painful.....I hope every Starmer loving leftie who voted this shower in hangs their heads in shame, although in fairness you didn't have many options....at least you will have next time.....this shower need outing asap
https://pbs.twimg.com/media/G6rfoGQWgAECHyj?format=jpg&name=large
Budget already leaked !
Budget already leaked !
If that's not fake news, it is pretty funny.
The 'experts' at the OBR predicting a fall in tax revenue.
The 'experts' at the OBR predicting a fall in tax revenue.
OBR = Office for Budget Responsibility.
Clowns to the left of me... etc.
Clowns to the left of me... etc.
It has been much better than Racing could have hoped for and even the Bookies escaped the carnage they were expecting pro rata to fears they had.
Not going to pay for extra benefit handouts, is it. Even on their hopeful estimate, peanuts.
Not going to lead to 'increased prices' either
Not going to lead to 'increased prices' either
im just losing count of how many times she blames someone else
The collusion if off the scale. I flicked over on mute, to see on the ticker that the OBR has raised the Growth forecast.
Who said comedy is dead?
Who said comedy is dead?
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