Licensees should register with HM Revenue & Customs (HMRC) as soon as possible if they continue to operate the machines.
Machine Games Duty will be charged where customers pay to play a game on a slot, quiz or other machine in the hope of winning a cash prize which is greater than the cost to play. It replaces both Amusement Machine Licence Duty (AMLD) – an annual charge for making a gaming machine available for play – and standard-rate VAT on net takings. HMRC said it means tax on machine games will now be entirely linked to takings, rather than including a fixed fee element on all machines.
Under the new regime, businesses must keep certain records, including: bank statements; takings records, and relevant business correspondence.
The quickest way to register is via the MGD Online Registration Service www.hmrc.gov.uk/machinegamesduty/mgd-online.htm