Taxation

Rank makes a significant contribution to the UK economy through tax and employment, as well as principally benefiting the economies of Spain, Gibraltar, Alderney, Mauritius and Israel through businesses based in or operating in those territories.

In the year 2019/20 Rank paid £178.0m (2018/19: £191.1m) to tax authorities and local governments in irrecoverable VAT, gambling taxes, corporate tax, employer’s national insurance and local business rates. Rank has provided employment to 8,500 (2018/19: 8,400) people across the Group. The broader impact of Rank’s operations, including taxes paid by supplier companies, is harder to quantify but no less significant.

UK tax regime

^{* Rank’s online business is based offshore (Alderney, Channel Islands) and is subject to UK remote gaming duty.}

Spanish tax regime

^{1 Calculated as a percentage of stake
2 20% with effect from 1 July 2018}