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
‘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.
Harrison Beale & Owen will (HB&O) have a new chairman and managing director at the helm for 2017
Satvir Bungar promoted to managing director in the mergers and acquisitions team
Carolyn Brown appointed as the first head of client legal services practice RSM Legal
Committee expresses concern about costs to businesses and April 2018 implementation date