Thursday, November 15, 2018
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Tag: Tax

Minister on brink of quitting over FOBT stake delay

FOBT stake reduction
Tracey Crouch, the Sports & Civil Society Minister, is understood to be considering her position after the Treasury announced a six month delay in the reduction of stakes on fixed odds betting terminals. The Government had previously agreed to slash the stakes on fobts, but the recent budget announced that a reduction will be delayed by six months until October...

Ulster still on VAT backfoot against Republic, say observers

Ulster, VAT, tax, politics, ireland
A budgetary increase in VAT paid by the hospitality sector in the Republic of Ireland still leaves Northern Irish counterparts at a pronounced competitive disadvantage, claim industry campaigners. As of 2019, VAT paid on hospitality services in the Republic will rise from 9 per cent to 13.5 per cent - but across the border the UK government continues to enforce...

Pressure grows on Hammond for rates redress

Phillip Hammond, government, Vince Cable, tax, government
There are growing calls for the chancellor to level the taxation playing-field between the high-street and online retailers, after it became clear that British companies will pay an additional £728m in business rates next year. The increase reflects a 2.4 per cent rise in inflation, and is set to bring next the total bill levelled at UK business next year...

Ignored and isolated: Kingsley Park Working Men’s Club receive the silent treatment from the HMRC

kingsley-working-mens club
Kingsley Park Working Men’s Club has been battling to reclaim VAT paid to HMRC for over four years. Caught in the fall- out of a push me pull me legal battle, the WMC remains adamant that the money - nearly £40,000 - is their’s. Barry Slasberg has been driving the case but has hit a wall of silence. Not...

UK Treasury poised to deliver ‘drastic’ online tax rise

Tax hike treasury
The UK treasury is preparing to announce a rise in online taxes, when it delivers the autumn budget next week – that could see liabilities increase by ten percent. The rise is being devised to compensate for lost tax receipts after the controversial cut in gaming machine stakes from £100 to £2 is implemented next year – potentially as soon...

Ireland to double-up on gambling taxation in new budget

An imminent rise in gambling tax to two per cent could see large swathes of Ireland’s landed betting trade, and maybe other gaming sectors, hewn away, say industry advocates. Budget 2019 in the Republic of Ireland is set to double the rate of gambling revenues, from one to two per cent. Finance minister Pascal Donohoe has included the proposal as a...

One percent compulsory levy would be weighted across sectors, says Labour

Labour
At a Bacta-sponsored fringe event during the Labour Party Conference, Tom Watson revealed that his proposed one percent statutory levy would be weighted across the differing sectors of the gambling industry. Tom Watson has revealed that his one percent statutory ‘smart levy’ would be weighted across the various industry sectors, with those most responsible for gambling-related harm also paying the...

Wetherspoons denied machine licence in Birmingham

Birmingham
Regional regulatory authorities have shot-down plans for a fifth AWP at the Arthur Robertson in Birmingham. Pub and play-time do not go together under this regime. Local legislators in Birmingham are adamant that the addition of an extra Cat C gaming machine at a local Wetherspoons pub will cause havoc amongst pub-goers. Management at the Arthur Robertson pub - embedded within...

UKHospitality welcomes new APPG rates reform calls

Kate Nicholls
UKHospitality has welcomed a report from the All-Party Parliamentary Group for Entrepreneurship that has called for the government to rapidly reform current business rates structures in the UK. UKHospitality chief executive Kate Nicholls said: “The report identifies considerable flaws in the current tax system and calls for a complete overhaul; something that we have consistently called for. The current system...

Extent of high street woes revealed

High Street
The trials and tribulations of Britain’s high streets have been long discussed and now an investigation published by The Mirror has revealed the numbers behind the talk. In total the report states that since 2010 the high street has lost more than 17,000 businesses. The British pub market has born the brunt of much afflicting the UK consumer space. Demographic discrepancies...

Cashless is coming, ready or not

ATM Machine
As the war on cash continues to be successfully waged, a new minister heading up the DCMS represents a fresh chance for the industry to put its case forward, argues Sam Spencer. At the end of this month a court case will decide whether ATMs inside shops will be classed as independent premises, and if so, they will become taxable...

Government reconsidering beer duty freeze

Houses of Parliament
In what would represent a potentially damaging u-turn on policy, the government is considering scrapping the beer duty freeze it introduced only last year. It has been reported that the Treasury is looking to free up £200m from raising the duty on beer as it looks to find alternative means to finance further spending plans. Brigid Simmonds, chief executive of the...

The war on cash: ATMs could face business rates

ATM
Retail giants are taking on the Valuation Office Agency over the application of business rates ATMs, and it’s a court case that could have far-reaching consequences for the gaming and amusements industry. A landmark court case could see ATMs inside amusements venues, pubs, and shops across the country classed as independent premises with their own rates to pay - a...

High street diploma

High Street
With national media now campaigning to save the high street, Olly Gully believes the focus should be a reduction in business rates, and a promotion of business-minded individuals in local government. If councils want to collect such high business rates, they need to also support the businesses that pay it. This is the message from Tyler Shaw of Shaws Premier...

Business knows best

accounts/tax
Hastings Pier going private, and the i360 offered adoption by Brighton Pier, Olly Gully argues that councils should finally learn the lesson of their limitations. The more you learn about local authorities, the more you learn about the unfortunate reality that so many councils are blessed with busy bodies who don’t know much at all about business. They make predictions,...

FOBTs directly cost the taxpayer £210 million a year

taxpayer
In a press release to the general public, Bacta laid out the direct fiscal cost of FOBTs to the taxpayer, with CEO John White reasserting that a £2 maximum stake is the only viable option. The direct fiscal cost of Fixed-Odds Betting Terminals (FOBTs) on the taxpayer is found to be as high as £210 million, independent research suggests. Analysis from...

Determination and media attention push working men’s club tax battle forward

tax
Kingsley Park Working Men’s Club’s bookkeeper Barry Slasberg has been invited to a meeting with HMRC following local media attention and 12 years of determination. The WMC’s battle for a refund of VAT tax has taken a new twist. Following a request for comment from local media and a dogged determination from Kingsley Park Working Mens Club, HMRC have U-turned...

Gaming machines seized from Selby pubs in tax evasion crackdown

Coinslot BBPA Pubs Jeremy Nelson selby
  Six gambling machines, which owe HM Revenue and Customs around £19,000 in unpaid tax, have been seized from pubs in Selby.   Officers from HMRC, with support from Gambling Commission, North Yorkshire Police and Selby District Council, visited five pubs in the town on 20 February 2018. The operation uncovered the illegally sited and unregistered gaming machines, where duty was not being...

Scottish Government rules out controversial ‘tourism tax’

scottish parliament
A major win for operators and tourism as a whole came just before Christmas, with the Scottish government confirming that plans for a ‘tourist tax’ in Edinburgh - or any other Scottish cities - will not go ahead.   Willie Macleod, executive director,BHA Scotland, said: “The Scottish government's firm commitment to rule out a ‘tourist tax’ is fantastic news for our...

Hospitality industry rallies for Tourism VAT cut

Coinslot - Industry Tourism VAT
As Brexit looms, key hospitality players nation-wide are banding together to call for measures to help the industry thrive long-term. Cutting VAT on tourism is a primary target.   The Campaign to Cut Tourism VAT, a coalition of 40,000 hospitality businesses nation-wide, looks to be taking off on multiple frontiers. The campaign is touring the UK explaining the objectives behind the...

BHA calls for tourism VAT reduction ahead of election

Coinslot - VAT tourism BHA
Ahead of the 2017 general election, the British Hospitality Association calls on all political parties to commit to make hospitality and tourism a strategic priority, setting out a raft of recommendations on which it wishes the new government to act.   Develop evidence-based immigration targets It is vital that the new immigration system which will be introduced after the UK leaves the...

CAMRA chief calls for action on tax and planning

Coinslot, CAMRA, pub taxation, tax, Colin Valentine
The Campaign for Real Ale (CAMRA), which aside from its beverage promotion activities represents the overall interests of a number of wet-led venues, has spoken publicly about its desire for lower pub taxation. Its chairman, Colin Valentine, has called out the difference in taxation between pubs and supermarkets, as he believes that this will be one of the major issues...

Comment – What have you done for me lately?

Coinslot BBPA Brigid Simmonds Levy
The chief executive of the British Beer and Pub Association, Brigid Simmonds, has been commenting on proposed changes to the Late Night Levy, which would make it possible for local authorities to target specific streets with tax payments for venues that stay open between midnight and six am. This will make it easier for local authorities to impose a Late...

King looks ahead

ireland Dermot King tourism tax
In an excerpt from an interview with Conference News, Butlin’s MD and VAT campaigner Dermot King reveals the future for his company and his hopes for cuts to tourism tax. In the late 1980’s I joined Bourne Leisure and earned a reputation of sorts by successfully challenging the way the UK implemented the tax rules on the sale of holiday...

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