UK Treasury Committee reviews effects of gaming tax hike amid ‘constructive’ discussions with Nigel Feetham
Wednesday 29 de October 2025 / 12:00
⏱ 1 min read
(London).- The UK House of Commons Treasury Select Committee has heard that Gibraltar’s gaming industry is fully regulated and tax compliant. It considered arguments for and against the proposed tax increase on the gambling industry, which is expected to be announced in the UK Budget on 26 November.
MPs first heard evidence highlighting the social and economic costs of gambling addiction, presented as justification for the proposed tax rise. Representing the industry, the UK’s Betting and Gaming Council warned that the increase could cost the economy up to £3.1 billion and put jobs and sports sponsorships at risk.
In answer to GBC questions, the Minister for Financial Services said he has held a "constructive discussion" with the UK Treasury team, which included Dan Tomlinson, the Exchequer Secretary to the Treasury.
Nigel Feetham also addressed MPs on the subject at the gaming breakfast during Gibraltar Day in London.
Around 75% of UK online sports-betting business involves companies registered in Gibraltar.
The sector contributes to approximately 30% of the Rock’s GDP, with 3400 jobs, amounting to roughly 50% of total corporate tax receipts and 15% personal tax receipts for last year.
UK Gaming companies have threatened wide-spread closures if the Chancellor goes ahead with increased taxes.
Categoría:Legislation
Tags: Sin tags
País: United Kingdom
Región: EMEA
Event
PERU GAMING SHOW – PGS 2026
17 de June 2026
ProntoPaga Consolidates Its Position at Peru Gaming Show 2026
(Lima, SoloAzar Exclusive).- Juan Carlos Loza, Head of Sales Latam at ProntoPaga, spoke exclusively after the company's participation in Peru Gaming Show 2026, highlighting the agreements reached, the interest in their payment solutions, and the expansion plans that will drive their growth across Latin America.
Monday 03 Aug 2026 / 12:00
Enhancing Responsible Gaming Through Effective Training at PGS 2026
(Lima, SoloAzar Exclusive) – Training, prevention, and technology took center stage at the "Value of Responsible Gaming in Gambling Operations" conference during the 2026 Perú Gaming Show (PGS). Presented by Fernando Calderón Castro, President of the National Gaming Society (SONAJA), the session brought industry leaders together to tackle current challenges and explore strategies for safer, more transparent, and sustainable operations.
Wednesday 22 Jul 2026 / 12:00
LSports at the Peru Gaming Show: Building Presence, Opening Doors
(Lima, SoloAzar Exclusive).- The Peru Gaming Show was never just about the booth. For LSports, it was about showing up in a market where showing up still matters — and leaving with more than a contact list. Federico Brancato, Sales Manager for the LATAM Region, came to Lima with a clear sense of what operators in this part of Latin America need most right now. What he found confirmed it.
Friday 17 Jul 2026 / 12:00
SUSCRIBIRSE
Para suscribirse a nuestro newsletter, complete sus datos
Reciba todo el contenido más reciente en su correo electrónico varias veces al mes.
