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Britan Poker Tax Status Changing
12/31/09 - The respected Guardian newspaper in Britain this week considered the adverse impact of new UK tax provisions on poker operators that could be so severe as to effectively kill interest in providing the game.
Writer Victoria Coren, herself a skilled and experienced poker player as well as a senior journalist, looked ahead to 2010 in an article that postulated a serious risk that regular games will die before the end of the new year.
Coren examined the case of the card room at the Victoria Casino in London, which she described as the headquarters of British poker.
"Local rivals come and go, but can never truly compete – or couldn't, until the government interfered," writes Coren.
"The 2009 spring budget introduced a stupid, greedy, ill-thought-out change to the tax rules. Casinos always paid full tax on their table games, but Valued Added Tax only on poker. That's because poker was a "service" rather than a "business" – at the Vic (or similar outfits) customers play against each other, not the house, paying only a small hourly fee for table hire.
"The budget ignored this, slapping a full tax rate on poker as well. The money raised will be too small to affect the nation's finances: it's just big enough to cripple the Vic. It has cost them an extra million (GBP) so far this year. If poker is as expensive for them as roulette, while being so much less lucrative, why should they bother to keep having it?"
Coren goes on to urge the poker playing public to write their political representatives and the Chancellor of the Exchequer [finance minister] demanding that the punitive tax be removed to preserve the game and the companies that offer it.
Gambling News :
NHL Odds: Toronto Maple Leafs vs. Washington Capitals on Tuesday -
Auston Matthews and the Toronto Maple Leafs touch down in DC this Tuesday (7 PM ET on TSN) as one of the hottest teams in the NHL. They've tallied a ridiculous 26 goals through only five games played; that's more than five goals scored per game on average. They'll be up against an equally potent Washington Capitals team.
Pro League Reveals Sportradar Contract Details -
The partnership between the PLC and Sportradar aims to provide a high-quality level of service to all Arabian Gulf League stakeholders in addition to making verified official data about players performances available to coaching and scouting staff and supplying match information to media outlets.
NFL Odds: Steelers Visit Undefeated Chiefs #TNF -
The Kansas City Chiefs (5-0 SU and ATS) have been flawless as an NFL pick thus far. Their chances of remaining undefeated in Week 6 look good; after opening at –4.5, Kansas City is a 5-point home chalk for Sunday’s game against the Pittsburgh Steelers (3-2 SU, 2-3 ATS), beginning at 4:25 PM ET on CBS.
Mega Moolah strikes again -
The jackpot was hit on a mobile device on Sunday 1 October 2017 by a UK player on Betway, this time awarding a £1,448,116.31 pay day.
2 New Slots For Microgaming Casinos -
David Reynolds, Games Publisher at Microgaming, comments: “On top of our branded title game Halloween, we’re delivering two more slots this October, each bringing exciting features and a different theme.
MLS Odds: Red Bulls vs. Whitecaps -
The New York Red Bulls (12W, 12L, 7T) haven’t won a match since August 15, but they’re –165 favorites this Saturday against the visiting Vancouver Whitecaps (15W, 10L, 6T), beginning at 5 PM ET. Vancouver is a +475 underdog with the draw priced at +285.
MLB Odds: Yankees Favored in AL Wild Card Game -
After a strong regular season, the New York Yankees (91-71, –1.00 betting units) opened as –235 home favourites for Tuesday’s AL Wild Card Game against the Minnesota Twins (85-77, +11.48 units). First pitch is at 8 PM ET on ESPN.
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