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COMMENT ON UK GAMBLING TAX PROPOSALS
Thursday June 21, 2012 : WINDOW FOR COMMENT ON UK GAMBLING TAX PROPOSALS CLOSES SOON (Update)
Three month consultative phase ends on June 28
The British government's controversial proposal to license regulate...and tax...online gambling operators based on the "point of consumption" - i.e. the punter's computer or mobile device - enters a new phase on June 28 when the three month consultative window on the tax proposals closes.
Offshore operators wishing to access UK online gamblers will have to meet "secondary licensing and tax" requirements if they are to continue to operate legally in the UK market, and be allowed to continue to promote their services in UK media.
The new laws effectively seek to dismantle the traditional operator defence that remote gambling takes place on the operators' servers, and if these are located in another jurisdiction, that jurisdiction’s law applies and not that of the UK.
Several large UK gambling groups have in the past based their online and mobile operations outside the UK in order to take advantage of more lenient tax requirements in offshore jurisdictions.
Under the new dispensation, the UK government is proposing a 15 percent tax on operators' gross profits in respect of all bets placed with them by UK players.
According to government estimates, only 10 percent of online gambling activity by Brit punters generates tax revenues for the UK, and the new approach will address this anomaly.
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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