Question to the HM Treasury:

To ask Mr Chancellor of the Exchequer, what estimate he has made of the tax revenue that may be received from the Point of Consumption Tax on online betting and gaming.

At Budget 2012, the Government announced it would move to taxing remote gambling on a place of consumption basis. This change came into force on 1^st December 2014, and was expected to raise additional Exchequer revenues of £70 million in 2014-15, £240 million in 2015-16, and £270 million in 2016-17.

HMRC publish receipts from the three affected duties (general betting duty, pool betting duty and remote gaming duty). From April 2015, following the reforms, remote gaming duty receipts are published separately (they were previously combined with gaming duty). A breakdown of general betting duty and pools betting duty into remote and non-remote components is not available. The bulletin can be found here: https://www.uktradeinfo.com/Statistics/Pages/TaxAndDutybulletins.aspx.

As the OBR mentioned in their November 2015 Economic and Fiscal Outlook, no yield from the reform was received until the beginning of 2015-16 because of an extension to the first accounting period.