GOG Announces Changes To Gambling Licensing Fees And Charges

HM Government of Gibraltar has, in its July 2018 Budget Parliamentary speech announced its decision to implement new arrangements for both new licence fees and charges (on renewal of licences) and new gambling duties with effect on 1st April 2018.The changes arise as a result of the enactment of the Gambling (Duties and Licensing Fees) Regulations 2018 ("the Regulations") passed under the provisions of the Gambling Act 2005 and Interpretation and General Clauses Act.

In summary, the industry is being moved on to a charging model with substantially higher annual licence renewal fees, typically £100,000 for each B2C licence (both land based and remote) and £85,000 for each B2B licence, with gambling tax now only paid by the B2C operators on their gross receipts, both gaming receipts and betting receipts, at the rate of 0.15%.