Autumn Budget Impact
Machine Games Duty increased to 25% from 1 April 2027, creating estimated £9m annual cost impact.
- Annualised MGD impact c. £9m
- Current year (to 30 June 2027) duty cost increase c. £2m
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The Rank Group Plc (LSE: RNK) ("Rank" or "the Group" or "the Company") notes the increase in Machine Games Duty ("MGD") from 20% to 25%, effective from 1st April 2027, in yesterday’s UK Autumn Budget 2026 statement.
It is anticipated that the annualised impact of this move will be an additional cost of c. £9m, prior to the Group undertaking mitigating actions, with duty costs for the current year (ending 30 June 2027) increasing by c. £2m. The Group remains confident of delivering Group LFL operating profit in line with expectations for the current year.
A more detailed update on the full Budget impact and mitigating actions will be provided when the Group announces its interim results for the six months ended 31 December 2026 on 28 January 2027.
Notice of Results
Rank will announce its interim results for the six months ended 31 December 2026 on 28 January 2027.
Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.