Poll results: 5% UK tax rate favoured by eGR readers
As the UK looks to amend the Gambling Act, nearly half of readers believe a point-of-consumption tax of 5% would be the most viable.
As the UK looks to amend the Gambling Act, nearly half of readers believe a point-of-consumption tax of 5% would be the most viable.
Nearly half (45.7%) of voters on this week’s eGaming Review poll believe a 5% tax rate would be the most commercially viable for the UK egaming industry.
The rate was the lowest of the three proposed by Deloitte in its report on the UK gambling industry, with 30.4% of readers considering a 10% tax as the best option, while just 23.9% sided with a potential 15% tax, a rate which Deloitte found would lead to as much as 40% of the industry seeing its EBITDA margins fall below 10%.
A 5% rate could still see smaller operators, that account for 13% of UK bets, driven out of the market, according to Deloitte’s report, commissioned by William Hill.
For more on the impact a POC tax could have on the UK market read the forthcoming February edition of eGaming Review.