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HMRC confirms amended regime for tax on iGaming freeplays

6th December 2016 10:19 am GMT

The UK’s HM Revenue and Customs has confirmed that it will amend current legislation that offers a more generous tax treatment for freeplays in online gaming, a move which will generate an additional £100m annually for the Exchequer by 2020.

Legislation will be introduced in the Finance Bill 2017 to ensure that where a customer makes use of an offer to gamble for free, or at a reduced rate, online gaming operators will be required to [...]

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