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Legislation

UK Parliament Raises Questions Over Impact of New Gambling Tax on Gibraltar

(London).- The potential impact of the United Kingdom’s newly announced gambling tax on Gibraltar’s gaming sector has been brought into focus in the UK Parliament, highlighting the growing importance of cross-border dialogue as fiscal frameworks evolve across regulated gambling markets.

Wednesday 04 February
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UK Parliament Raises Questions Over Impact of New Gambling Tax on Gibraltar

Concerns were raised during a series of written parliamentary questions, in which Labour MP Gareth Snell asked what discussions had taken place with the Government of Gibraltar following the introduction of the new Remote Betting Duty.

Treasury Emphasizes Revenue Goals and Ongoing Engagement

Responding on behalf of the Chancellor of the Exchequer, Exchequer Secretary Dan Tomlinson confirmed that the increase in gambling duties is expected to generate more than £1 billion annually for the UK Treasury, underlining the policy’s significance within the government’s broader fiscal strategy.

Tomlinson also acknowledged Gibraltar’s role as a key hub for gambling operators primarily serving the UK market and confirmed that engagement with the Government of Gibraltar took place after the UK Budget.

While the Treasury did not disclose details of those discussions, Tomlinson stated that the UK Government would continue to monitor the effects of the tax changes on Gibraltar’s gambling sector.

Regulatory Stability in Focus

The exchange reflects ongoing efforts by policymakers to balance revenue generation with regulatory stability in an industry that operates across jurisdictions. Gibraltar has long positioned itself as a well-regulated base for international gambling operators, and continued dialogue is widely seen as essential to maintaining confidence and operational certainty.

Although no specific mitigating measures were outlined in the parliamentary response, the acknowledgment of Gibraltar’s exposure to UK-focused gambling activity suggests that the issue remains under active consideration.

As the Remote Betting Duty comes into effect, industry stakeholders will be closely watching how the policy impacts operators headquartered in Gibraltar and whether further cooperation or adjustments emerge from ongoing discussions between London and Gibraltar.

 

Fuente original: GBC
Filtros: Legislation United Kingdom EMEA
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