Report
Annual Report and Accounts 2022 to 2023
The Gambling Commission's 2022 to 2023 Annual Report and Accounts. For the period 1 April 2022 to 31 March 2023.
h) Licence fee receipts and fee income recognition
Income is recognised in line with the International Financial Reporting Standards (IFRS) 15 principles. In practice there has been no change in recognition from the policy followed under International Accounting Standards (IAS) 18.
The Commission collects fee income in relation to the Gambling Act 2005 (opens in new tab). The Commission recognises income in the following way:
Operator licence application fees
Income is recognised in full when the operator licence is issued.
Operator licence annual fees
Income is recognised equally over the duration of the licence.
Personal licence fees
60 percent of the Application income received is recognised when the licence is issued (to reflect the application costs).
The remaining 40 percent is recognised equally over the duration of the licence (that is 5 years).
35 percent of the Maintenance renewal income received is recognised when the licence is issued (to reflect the renewal costs).
The remaining 65 percent is recognised equally over the duration of the licence (that is 5 years).
Last updated: 18 October 2023
Show updates to this content
No changes to show.