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On 29 October 2026, The Rank Group Plc noted an increase in UK Machine Games Duty from 20% to 25%, effective 1 April 2027, following the UK Autumn Budget 2026. The company anticipates an additional duty cost of approximately £2 million for the year ending 30 June 2027 and an annualised cost impact of c. £9 million prior to undertaking mitigating actions. Rank stated it remains confident in delivering current-year like-for-like operating profit in line with expectations and will provide further update details alongside its interim results on 28 January 2027.
| Date | 29 Oct 2026 |
| Time | 07:00:03 |
| Category | Corporate updates |
| ID | 8868A |
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
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