TaxAdministrationWilliam Hill blasts UK’s tax on internet gambling

William Hill blasts UK’s tax on internet gambling

Bookmaker William Hill has blasted the UK government for its ‘flip-flopping’ gambling policy

Bookmaker
William
Hill
has attacked the UK government’s ‘flip-flopping’ gambling policy after
recording an underlying 10% fall in first-half profits resulting from losing
results at Euro 2008 and Royal Ascot.

Ralph Topping, chief executive, called for a cut in the 15% tax paid by
UK-based bookmakers on internet gambling and warned the government against any
crackdowns on fixed-odds betting terminals, The Daily Telegraph
reports.

‘We paid £267m in taxes last year plus £30m in levies to the horseracing and
greyhound industries and employ 14,000 people,’ Topping said. ‘This business has
to be allowed some room to grow. What I am saying to the Government is, please
think things through from all angles.’

Topping said a 15% gross profits tax on online gambling was not appropriate,
arguing it made UK-based bookmakers uncompetitive against offshore rivals.

Further reading:

Read
The Daily Telegraph story

Related Articles

Are you ready for the Trusts Registration Service?

Administration Are you ready for the Trusts Registration Service?

1w Helen Thornley, ATT Technical Officer
Advisers bullish despite Brexit concerns

Accounting Standards Advisers bullish despite Brexit concerns

1y Fraser Simpson, Reporter
Brexit: Five questions accountants should be asking

Accounting Firms Brexit: Five questions accountants should be asking

1y Fraser Simpson, Reporter
HRMC loses £653,000 tax battle following administration error

Administration HRMC loses £653,000 tax battle following administration error

1y Fraser Simpson, Reporter
European inquiry into Panama Papers receives go-ahead

Administration European inquiry into Panama Papers receives go-ahead

1y Fraser Simpson, Reporter
UK votes to leave EU – accountancy profession reacts

Accounting Firms UK votes to leave EU – accountancy profession reacts

1y Fraser Simpson, Reporter
European Commission close to anti-tax avoidance package

Administration European Commission close to anti-tax avoidance package

1y Fraser Simpson, Reporter
‘Significant recovery’ for HMRC customer service, claims boss Thompson

Administration ‘Significant recovery’ for HMRC customer service, claims boss Thompson

1y Fraser Simpson, Reporter