Taxation

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

In the year 2020/21 Rank paid £121.0m (2019/20: £178.1m) to tax authorities and local governments in irrecoverable VAT, gambling taxes, corporate tax, employer's national insurance and local business rates.  This included £29.8m of tax payments deferred from 2019/20 as a result of COVID-19.  The impact of COVID-19 extended into 2020/21 with our venues being closed for large parts of the period which has led to a reduction in tax payments in the year. Rank has provided employment to approximately 7,500 (2019/20: 8,500) 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. 

You can read further details of Rank's published tax strategy here.

UK tax regime

^{* Rank’s online business is based offshore (Gibraltar) and is subject to UK and Gibraltar remote gaming duty}

Spanish tax regime

^{1 Calculated as a percentage of stake}