{"id":1167,"date":"2024-10-30T16:14:10","date_gmt":"2024-10-30T17:14:10","guid":{"rendered":"http:\/\/buckinghamshire-removals.co.uk\/?p=1167"},"modified":"2024-10-31T15:02:36","modified_gmt":"2024-10-31T15:02:36","slug":"relief-among-uk-gambling-operators-after-no-anticipated-tax-increases-in-2025-budget","status":"publish","type":"post","link":"http:\/\/buckinghamshire-removals.co.uk\/index.php\/2024\/10\/30\/relief-among-uk-gambling-operators-after-no-anticipated-tax-increases-in-2025-budget\/","title":{"rendered":"Relief Among UK Gambling Operators After No Anticipated Tax Increases in 2025 Budget"},"content":{"rendered":"<div style=\"margin-top: 0px;margin-bottom: 0px\" class=\"sharethis-inline-share-buttons\"><\/div>\n<p>Gambling companies operating in the UK breathed a sigh of relief after the country\u2019s budget announcement on Wednesday didn\u2019t reveal any tax hikes.<\/p>\n<p>Rumors did the rounds earlier this month that <a href=\"https:\/\/www.vegasslotsonline.com\/news\/2024\/10\/12\/uk-government-mulls-higher-gambling-taxes-to-fill-budget-gap\/\">lawmakers were thinking about significantly increasing the rates for general betting and remote gaming<\/a>. The news <a href=\"https:\/\/www.vegasslotsonline.com\/news\/2024\/10\/14\/uk-gambling-stocks-lose-3bn-amid-talk-of-tax-raid\/\">spooked investors and led to a \u00a33bn ($3.9bn) stock sell-off.<\/a><\/p>\n<blockquote class=\"wp-block-quote\">\n<p>Chancellor Rachel Reeves didn\u2019t mention the sector<\/p>\n<\/blockquote>\n<p>Share prices of operators with significant UK exposure bounced back on Wednesday after Chancellor Rachel Reeves didn\u2019t mention the sector. Flutter\u2019s stock jumped 4%, Entain increased by 9%, and Evoke rose almost 13%.<\/p>\n<p>The UK government will consider changing the remote gaming tax structure from its current three-layer system to a single rate that would close any potential loopholes and simplify the process.<\/p>\n<p>While gambling operators were happy with the budget, others weren\u2019t so joyous as lawmakers increased taxes to drum up an additional \u00a340bn ($52bn).<\/p>\n<p>Among the hardest hit were employers having to make bigger National Insurance contributions, investors dealing with a capital gains tax increase from 10% to 18%, and the elimination of an exemption that meant the heirs of farmers didn\u2019t have to pay inheritance tax when taking over the family farm.<\/p>\n<p>The post <a rel=\"nofollow\" href=\"https:\/\/www.vegasslotsonline.com\/news\/2024\/10\/30\/relief-among-uk-gambling-operators-after-no-anticipated-tax-increases-in-2025-budget\/\">Relief Among UK Gambling Operators After No Anticipated Tax Increases in 2025 Budget<\/a> appeared first on <a rel=\"nofollow\" href=\"https:\/\/www.vegasslotsonline.com\/news\">Vegas Slots Online News<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p class=\"text-justify mb-2\" >Gambling companies operating in the UK breathed a sigh of relief after the country\u2019s budget announcement on Wednesday didn\u2019t reveal any tax hikes. Rumors did the rounds earlier this month that lawmakers were thinking about significantly increasing the rates for general betting and remote gaming. [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[10],"tags":[],"_links":{"self":[{"href":"http:\/\/buckinghamshire-removals.co.uk\/index.php\/wp-json\/wp\/v2\/posts\/1167"}],"collection":[{"href":"http:\/\/buckinghamshire-removals.co.uk\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/buckinghamshire-removals.co.uk\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/buckinghamshire-removals.co.uk\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/buckinghamshire-removals.co.uk\/index.php\/wp-json\/wp\/v2\/comments?post=1167"}],"version-history":[{"count":1,"href":"http:\/\/buckinghamshire-removals.co.uk\/index.php\/wp-json\/wp\/v2\/posts\/1167\/revisions"}],"predecessor-version":[{"id":1168,"href":"http:\/\/buckinghamshire-removals.co.uk\/index.php\/wp-json\/wp\/v2\/posts\/1167\/revisions\/1168"}],"wp:attachment":[{"href":"http:\/\/buckinghamshire-removals.co.uk\/index.php\/wp-json\/wp\/v2\/media?parent=1167"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/buckinghamshire-removals.co.uk\/index.php\/wp-json\/wp\/v2\/categories?post=1167"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/buckinghamshire-removals.co.uk\/index.php\/wp-json\/wp\/v2\/tags?post=1167"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}