Something to brighten the gloom of January – the gaming and amusement machine exhibition season is upon us!
We have two major exhibitions to look forward to in the next few weeks. The first is EAG International at the Excel London Exhibition Centre between the 21st and 23rd January. Billed as the amusement and leisure show, it promises to be quite an event.
Last February, HMRC replaced Amusement Machine Licence Duty (AMLD) with Machine Games Duty (MGD).
MGD is charged on the playing of dutiable machine games where customers pay to play games in the hope of winning a cash prize worth more than the cost to play. MGD is not payable on machine games that only offer non-cash prizes or cash prizes that are less than the cost to play.
Inevitably, since it's January, we find ourselves half looking back to the year just gone, half looking forward to what's in store for 2014.
It's been a busy year, with lots of business successes – and one huge achievement for me, personally. In climbing Mount Kilimanjaro in October 2013, I managed to raise over £8,000 for The Responsible Gambling Trust and Rays of Sunshine – a charity supporting children with serious illnesses.
Chris Haley, Managing Director of Dransfields, reflects on current trends and opportunities.
Non-commercial private members clubs should take advantage of the the tax-free status of Category B3A machines - but note that only one machine of this category is allowed in a club.
Chris Haley, Managing Director of Dransfields, explains about the results of the government’s consultation in relation to gaming machine taxation.
The government has reaffirmed its intention to replace Amusement Machine Licence Duty and Vat on machine takings with a new tax, Machine Games Duty (MGD).
It will apply to any machine where the player inserts a stake into a machine in the hope of winning a cash prize higher than the stake (excepting the B3A machine).