The government announced that legislation will be introduced in Finance Bill 2021-22 to raise the Gross Gaming Yield (GGY) bands for gaming duty in line with the Retail Price Index (RPI).
Gaming duty is paid by casinos on their GGY, which can broadly be defined as the amounts staked by customers minus winnings paid to them. The duty is calculated by reference to bands of GGY. As the GGY increases, so does the rate applied to calculate the duty.
Operators of casinos throughout the UK.
The revised GGY bandings used to calculate gaming duty will have effect for gaming duty accounting periods beginning on or after 1 April 2022.
In line with expectations, gaming duty bands for 2022/23 will increase in line with inflation, maintaining duty at real levels.