Gaming Machines - Act Fast
Posted: 23rd March 2011
If you have gaming machines and are thinking of applying for new licences, act fast - you have only 2 days to avoid the increase announced in today's budget.
The relevant section of the HMRC press release reads
Amusement machine licence duty (AMLD) and gaming duty revalorisation
Legislation will be introduced in Finance Bill 2011 to:
• increase AMLD in line with inflation; and
• raise the gross gaming yield (GGY) bandings for gaming duty in line with
1.25 These changes will affect casinos and anyone who provides a gaming machine
for play in the UK. The new AMLD rates will be charged for any licence applications
that are received by HMRC after 4pm on 25 March 2011.