The Government are currently consulting on the taxation of gaming machines, including the taxation of fixed odds betting terminals. The consultation discusses whether the current system of amusement machine licence duty (AMLD) and VAT should be replaced with a gross profits tax (GPT).
The consultation ends on 23 October 2009, and can be found on the Treasury website:
http://www.hm-treasury.gov.uk/consult_gaming machines_taxation.htm