HMRC issues MGD warning

HMRC issues MGD warning

Thursday, January 3, 2013 Totally Gaming

HM Revenue and Customs has warned that UK pubs have only a week left to register for Machine Games Duty or face stiff financial penalties. Premises have until 11 January to register for the new MGD system which comes into force on 1 February 2013.

A statement from HMRC said licensees can be charged a penalty of between 30pc and 100pc of unpaid tax, and may be issued even if there is no tax due. MGD replaces both amusement machine licensing duty - the annual charge for making a gaming machine available for play - and standard-rate VAT on net takings.

The government body has said it will make every effort to process late registrations but has warned operators that it cannot guarantee that applications received after 11 January will be processed by 1 February.



Inspired Entertainment narrows 2018 loss but warns of FOBT impact


UK Chancellor faces Commons rebellion over FOBT stake cut delay

At the Races

At the Races secures Hong Kong racing broadcast rights

No alternative text provided

Industry to discuss future of high street bookies at special event

Gaming Products & Services Directory

The essential directory for the gaming industry