£35
Posted: Mon Mar 26, 2007 8:36 am
Budget gives green light for implementation of £35 jackpot
The UK AWP market has been given a welcome shot in the arm thanks to
Gordon Brown's 2007 Budget. A realignment of Amusement Machine Licence Duty (AMLD) banding has seen the new £35 AWP jackpot brought into line with the existing Category C classification, while existing duty rates have been frozen. Prior to Brown's announcement, the £35 jackpot fell into Category B4 classification, attracting an annual levy of £1,780, consequently rendering the boosted jackpot largely unviable for all but the most experimental British operators. The good news is that as of midnight, March 21, operators can switch to the £35 jackpot at the frozen AMLD rate of £735 per annum. The Budget was less kind, however, to remote gaming, which had its tax rate set at 15 per cent - the same rate as gross profits tax payable by UK-based bookmakers - and the bingo sector which had argued a strong case for the removal of VAT on participation fees.
The UK AWP market has been given a welcome shot in the arm thanks to
Gordon Brown's 2007 Budget. A realignment of Amusement Machine Licence Duty (AMLD) banding has seen the new £35 AWP jackpot brought into line with the existing Category C classification, while existing duty rates have been frozen. Prior to Brown's announcement, the £35 jackpot fell into Category B4 classification, attracting an annual levy of £1,780, consequently rendering the boosted jackpot largely unviable for all but the most experimental British operators. The good news is that as of midnight, March 21, operators can switch to the £35 jackpot at the frozen AMLD rate of £735 per annum. The Budget was less kind, however, to remote gaming, which had its tax rate set at 15 per cent - the same rate as gross profits tax payable by UK-based bookmakers - and the bingo sector which had argued a strong case for the removal of VAT on participation fees.
