The UK Treasury is reportedly again considering hiking gambling taxes to fix holes in public finances. An increase in gambling taxes is being considered by the Treasury as one of the main measures that could raise revenue ahead of a politically difficult budget, according to The Observer.
Chancellor of the exchequer Rachel Reeves will need to raise up to £30bn [$40bn] without raising income tax, VAT or employee national insurance, options she ruled out prior to the 2024 General Election.
The measure was highlighted as being an easy sell politically, compared to other potential increases.
It comes as the industry already faces a likely tax rise as part of a plan to unite the three betting duties, which range from 15% to 21%, under a single rate.
