Breaking Down the UK Budget’s Potential Impact on the Gambling Industry

We’re joined by industry leading recruitment expert Paul Sculpher from Gaming Recruitment Solutions, with Nigel Harvey guiding the discussion and leading our CEO Kirsty and Paul brilliantly through the meandering yet critical waters of tax implications for the industry ahead of the budget announcement in November, and they unpack the below 9 questions.

Timestamped questions:

• 01:09 Q. Do either of you think we’ll actually see the 50% tax increases that have been suggested by some? 

• 02:57 Q. Have you seen any negative effects on gambling companies, such as having to reduce their staffing levels, caused by the increases in employers’ National Insurance contributions? 

• 05:23 Q. If these high tax increases are announced as feared, do either of you think there will be any immediate reactions, such as businesses surrendering their GB license? 

• 07:56 Q. What are your thoughts on reports that say the real costs of any tax rises will probably be paid for punters rather than the actual operators themselves? 

• 11:34 Q. Is the level of lobbying by The BGC as you would have expected?  

• Have there been any other jurisdictions lately that have hiked up their taxes and has it worked? 

• 17:04 Q. There have been proposals to go to a single tax rate rather than the current three-tier system. Do we think that will go ahead or will we just see tax increases now rather than alignment? 

• 17:55 Q. As B2B businesses in the gambling industry, if a 50% tax hike did happen, how do you see it would affect your businesses, rather than the operators? 

• 19:54 Q. If you had a hotline to Rachel Reeves right now, what do you think you would say? 

 If you’d like to discuss any of these matters and how they may potentially impact your business so you can prepare, contact the Betsmart Towers team today.