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By (user no longer on site) OP
over a year ago
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Was watching The One Show earlier
The new slot machine tax will leave us all worse off
The Treasury's proposals to reform taxes on amusement arcades could reverse the recent recovery of British seaside resorts.
Under the government's new proposals, the existing tax on slot machines (a complicated affair, but limited to VAT on the slots and amusement machine licence duty on machines with payouts over £500) will be scrapped and replaced by a tax on everything. From Peppa Pig rides to giant claws to one-armed bandits, every penny of turnover would be liable under the new duty, which, since it comes off turnover rather than profit, would be enough to sink many arcades. This is on top of the annual licence that arcade owners already pay. |
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By (user no longer on site)
over a year ago
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I just can't gather any sympathy for an industry that is built around ripping people off with a game of 'chance' that is anything but.
Tax them out of existence in my opinion. |
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