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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 :
Live Dealer Now At Slotocash -
Live Dealer can be found in the left navigation menu under 'Live Dealer' when you, the player is logged in to instant play.
Betradar Launches US Sports Betting Solutions -
With only a few weeks to go until the betting and gambling world descends on ICE in London, Betradar have today announced that they will be launching a comprehensive range of tools and services to any company that will be looking to provide sports betting in a post-PASPA United States.
Final 12 For MPNPT Morocco -
Sunday on the MPN Poker Tour Morocco will see several trophies awarded at the Mazagan Beach Resort, with the largest going to the Main Event champion along with a prize of MAD 400,000 (c.€35,400).
MPNPT Morocco Updates -
Leading the 104 combined survivors from both flights is still Said El-Yousfi with 272,000 chips; visit the MPN Poker Tour blog for an end-of-day recap and full chip counts.
MPN Poker Tour Morocco Day 1A -
The MPN Poker Tour has returned to Morocco this week (January 11-14), featuring the MAD 1.5 million guaranteed Main Event, accompanying side events, and the activities and parties for which this tour has now become known on two continents.
2018 MPN Poker Classic -
The MPN announces the return of The Classic tournament series this January. The series is back following its successful €350,000 guaranteed debut in 2017. This time €500,000 is guaranteed, along with a once in a lifetime trip to Monaco for the Classic Champion.
PDC and Sportradar Renew Deal -
Following this month’s hugely successful World Championship, the Professional Darts Corporation (PDC) and long-standing partners Sportradar have renewed their multi-faceted cooperation that will see the leader in sports data and content continuing in their role as official data
Poker Yaar Joins MPN -
Available through download, instant play and mobile, Pokeryaar.com is live with Omaha, Hold’em and Five-Card poker variants, alongside MPN’s Fish Party, the industry’s only progressive jackpot SNGs.
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