Free plays– as a future tax change, from Finance Act 2017, the use of free plays will be included for remote gaming duty , but the award of a free play as a prize will not reduce the profit. Changes will be made to the definition of gaming payments and prizes. Operators will need to compare and contrast the various types of incentives, bonuses and rewards they give their players and VIPs in good time to make any appropriate adjustment to their Ts and Cs.
Replacement of Horseracing Betting Levy– as recently announced, the Levy will be replaced from April 2017 with a new funding arrangement, which will be payable by both land-based and online operators wherever they are based. The amount payable will reflect the degree of mutual interest between betting and racing, similar to the approach adopted in the French parafiscal levy. The rate has not yet been decided.
Gaming Duty Bands– as normal the gaming duty bands for casino operators have been increased in line with inflation for accounting periods commencing 1st April 2016.
Use and enjoyment VAT charge– there is no further news on whether and how the UK will be imposing VAT on use and enjoyment of advertising services in the UK by an operator based outside the EU.