Autumn Budget Impact

Summary by AI BETAClose X

The Rank Group Plc has announced that the UK Autumn Budget 2026 will increase Machine Games Duty from 20% to 25% effective April 1, 2027, which is expected to add approximately £9 million in annual costs before mitigation. For the current year ending June 30, 2027, duty costs will rise by around £2 million, though the company remains confident in meeting its current year LFL operating profit expectations. A more detailed update on the budget's full impact and mitigation strategies will be provided with the interim results on January 28, 2027.

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Rank Group PLC
29 October 2026
 

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The Rank Group Plc (“Rank” or “Group”)
LEI: 213800TXKD6XZWOFTE12

29 October 2026

The Rank Group Plc

Autumn Budget Impact

 

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.

Ends

Contacts:

 

Rank

David Williams – Corporate affairs & investor relations 

david.williams@rank.com

 

Media Enquiries:

FTI Consulting LLP (PR adviser to Rank)

 

Edward Bridges

Tel: +44 7768 216607

Matthew Young

Tel: +44 7929 396411

 

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