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UK POC TAX GOOD FOR MYLOTTO24 LTD
Wednesday October 15,2014 : UK POC TAX GOOD FOR MYLOTTO24 LTD
No longer bound by duties on business derived outside of the UK from December 1, 2014
Tipp24 SE’s London-based MyLotto24 Limited is expecting a significant reduction in expenses when the UK Gambling (Licensing and Advertising) Bill and the ensuing place of consumption (POC) tax comes into force later this year.
The company said its MyLotto24 will no longer be bound by duty on its gross gambling yield derived from business outside of the United Kingdom as of December 1, 2014.
Had the new rules already applied to the gross gambling yield of the past four quarters, consolidated direct costs of operation would have been reduced by Euro 15.5 million with a corresponding positive effect on the EBIT, the company said.
Financial analysts consider a saving of Euro 20 million in 2015 entirely possible as the company’s share price leapt almost 30 percent this week.
Gambling News :
US$30M DUBAI WORLD CUP -
Racecourse Media Group and Meydan to showcase world’s richest raceday to more than 150 territories The Dubai World Cup is the first horse race to be broadcast live on airlines and cruise lines
NHL Odds: Forsberg Faces Elliott in Nashville -
The last time the Nashville Predators played against the Calgary Flames, Calgary had a 4-1 lead five minutes into the second period. Nashville responded with four back-to-back goals, including a hat trick from centreman Filip Forsberg. Both teams went into overtime with five goals, and Calgary defenseman Mark Giordano (12 goals, 22 assists) scored the winning goal.
NBA Odds: Hawks, Wiz in Southeast Showdown -
The Washington Wizards (42-27 SU, 36-32-1 ATS) can pretty much secure the Southeast Division title with a win Wednesday night over the Atlanta Hawks (37-32 SU, 31-38 ATS). Tip-off is at 8 PM ET on ESPN; the Wizards lead Atlanta by five games with less than a month remaining before the playoffs.
NBA Odds: Clippers Try to Slow Down Bucks in LA -
Milwaukee Bucks small forward Giannis Antetokounmpo and Los Angeles Clippers power forward Blake Griffin are two of the most talented and versatile forwards in the NBA. The two lead their teams into battle on Wednesday in Los Angeles.
NHL Odds: Canadiens Welcome Islanders Tonight -
The Montreal Canadiens (32-20-8) welcome the New York Islanders (28-21-10) on Thursday (7:30 PM ET on SNE). After getting their first victory under new head coach Claude Julien, the Canadiens will look to build on that momentum against a red-hot Islanders team.
NHL Odds: Reeling Flyers Seek Relief in Pittsburgh -
#nhl The Philadelphia Flyers have been a bit off since the holidays. They’ve won just eight games since the Christmas break, and now they’ve got a tough one coming up this Saturday night against the Pittsburgh Penguins.
Dollars to Donuts Slot Launch -
Firstly, it's a classically styled, easy playing 3-reel with five pay lines featuring a traditional icon set of bars and sevens.
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