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Taking a punt on machine games duty
KEY POINTS
- Machine games duty replaced amusement machine licence duty.
- Machines liable to MGD are VAT exempt.
- Two rates of duty: 20% and 5%.
- Registrable person is liable for MGD.
Imagine the scene: summertime at a British seaside town. It’s raining and you seek shelter in a pier arcade or in a pub. You are tempted by a fruit machine and you hazard 50p in the slot. But then your tax instincts kick in: you start wondering about the tax and duty implications of the activity (as any tax adviser would do on holiday).
New duty
Machine games duty (MGD) replaced amusement machine licence duty (AMLD) on 1 February 2013. There had been successive reviews and changes to gambling duties over the past ten years and the trend is away from licence-based systems...
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