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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 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

  Gaming duty/ Gross profits tax
Mecca  
Category B3 gaming machines 20%
Category C gaming machines 20%
Category D gaming machines 5%
Main stage bingo 10%
Interval bingo 10%
Grosvenor Casinos  
Casino games and poker
(tax on gaming win in a six-month period)
15% – £0 to £2,548.5k
  20% – £2,548.5k to £4,305.5k
  30% – £4,305.5k to £7,382.5k
  40% – £7,1382.5k to £13,877k
  50% – over £13,877k
Category B1 gaming machines 20%
Digital  
meccabingo.com* 21%
grosvenorcasinos.com* 21%
Sportsbook 15%

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

 

Spanish tax regime

  Bingo duty1 Remote Gaming Duty Licence (annual average)
Bingo tax set by region 5% to 25%
Category B2/3 gaming machines €3,650
Multi-post electronics €10,600
enracha.es and YoBingo.es 20%

1 Calculated as a percentage of stake