Machine Games Duty (MGD) Tax Expected To Rise By Only 5%

British horse racing and the gambling industry appears poised to secure a favourable outcome in the forthcoming Budget, with a report in The Times indicating that the rise in Machine Games Duty (MGD) will be substantially lower than the increases advocated by former Prime Minister Gordon Brown. Sources have indicated to The Times that MGD, currently levied at 20 per cent, is expected to rise to 25 per cent rather than the 40 per cent rate that had been under consideration.