Betting tax reforms bring back bookies

Link: Good news for punters, tax-free betting arrives.

The biggest firms acted so quickly the government was able to switch to the new tax three months early, Customs said, while smaller online firms followed soon after or started up afresh in the UK.

Industry turnover has risen by 35% to 40% as a result of the reforms, the report claimed.

Consultations on any further necessary changes will end on 31 December 2002.

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