FA 2012 Sch 24 introduces new excise duty on the playing of dutiable machine games
The Machine Games Duty Regulations, SI 2012/2500, provide for administrative matters – including registration, returns and payment – in relation to machine games duty (MGD), which will replace amusement machine licence duty in February 2013.
‘The government’s reform of gaming machine taxation aims to put tax revenues from gaming machines on a more sustainable footing. The VAT treatment of gaming machines has been challenged in the courts. Introducing MGD and exempting dutiable machine games from VAT will protect tax revenues going forward, and will ensure that operators of gaming machines continue to make a fair contribution to tax receipts,’ HMRC said in an explanatory note.
FA 2012 Sch 24 introduces new excise duty on the playing of dutiable machine games
The Machine Games Duty Regulations, SI 2012/2500, provide for administrative matters – including registration, returns and payment – in relation to machine games duty (MGD), which will replace amusement machine licence duty in February 2013.
‘The government’s reform of gaming machine taxation aims to put tax revenues from gaming machines on a more sustainable footing. The VAT treatment of gaming machines has been challenged in the courts. Introducing MGD and exempting dutiable machine games from VAT will protect tax revenues going forward, and will ensure that operators of gaming machines continue to make a fair contribution to tax receipts,’ HMRC said in an explanatory note.
