Sky Bet relocates headquarters to Malta to slash UK tax bill by as much as £55m a year | ITV News скачать в хорошем качестве

Sky Bet relocates headquarters to Malta to slash UK tax bill by as much as £55m a year | ITV News

One of the UK’s largest gambling firms, Sky Bet, has relocated its headquarters to Malta - in a move that could cut its UK tax bill by tens of millions of pounds a year. The change will mean less money for the government at a time when the public finances are under strain. The chancellor needs to increase tax revenues and is under pressure to levy higher duties on the betting industry - something the industry is aggressively campaigning against. Sky Bet, which describes itself as “the UK’s No. 1 betting app,” has moved its sportsbetting business to the Maltese branch of a new UK company, SBG Sports Limited. Flutter Entertainment PLC, Sky Bet’s parent company, first told staff about the move in June, alongside a plan to make around 250 people in the UK redundant. At a meeting which was live-streamed across Flutter’s “UK and Ireland” business, workers in Leeds, Sunderland, London, Dublin, Gibraltar, Porto and Cluj were told the relocation of Sky Bet to Malta was driven by a “need to operate more efficiently” and to reduce costs. • Subscribe to ITV News on YouTube: http://bit.ly/2lOHmNj • Get breaking news and more stories at http://www.itv.com/news Follow ITV News on TikTok https://www.tiktok.com/@itvnews?lang=en Follow ITV News on Instagram:   / itvnews   Follow ITV News on Facebook:   / itvnews   Follow ITV News on X:   / itvnews