NetPlay TV warns of new taxes

Online gambling firm NetPlay TV could be hit by the government’s proposed new tax on remote gambling, the firm warned yesterday. In the Budget last month, chancellor George Osborne announced a 15 per cent point of consumption tax on online gambling websites. In its annual report the firm reported a 31 per cent increase in revenue to £28.5m, with profits of £4.1m, but saw its shares fall 11 per cent to 18p.