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Offshore Gambling Companies Not Paying Uk Taxes
Industry rumour that the UK government may be considering its tax options on offshore Internet gambling companies which advertise and benefit from betting by UK punters took on more substance this week when an official from HM Revenues and Customs confirmed that research was being done on the subject.
Earlier this year there were complaints from horseracing officials that offshore companies were benefitting from the UK market without paying levies , fuelling speculation that UK betting companies may have urged government to level the playing field. This was linked to fears that major UK groups may be contemplating a move offshore to better compete in a more benevolent tax climate.
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The announcement that the UK government's advertising white list would not accept any further licensing jurisdictions whilst the Gambling Act was being reviewed also caused some alarm.
This week a spokesman for HM Revenues and Customs told EGR: “Although HMRC is currently looking at the tax issues involved with a view to identifying the risks to UK taxes resulting from the locations offshore, no specialist unit has been set up.”
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Gambling News :
Betsoft Gaming In Deal With SuprNation -
Betsoft Gaming’s latest content supply partnership will see its Slots3 collection launched on VoodooDreams.com, SuprNation’s primarily Swedish and Nordic focused online gaming operation.
Ladbrokes New SPonsor of The Hennessy Gold Cup -
The longest sponsorship deal in the history of British horse racing has come to an end with Ladbrokes becoming the new sponsor of the race formerly known as The Hennessy Gold Cup for the next five years, Racing Post reports.
Ladbrokes Appoints Annemarie Durbin -
Durbin, a qualified lawyer with over two decades of international banking experience, will also take up membership of the Audit, Remuneration, Social Responsibility and Nomination Committees with effect from March 1, 2017.
Olympus Slot Pays $210k Jackpot to USA Player -
“I love slots, been playing a long time. I go to Vegas once a year. In between I play online. It’s so convenient. I play mostly Hold the Riches, Pyramid Plunder, Dollar Storm or Olympus. I’ve also started playing keno more.”
Divine Fortune SLot Launches -
NetEnt has launched a new local jackpot title “Divine Fortune”, a five-reel, 3-row, twenty-fixed line video slot themed on ancient Greece and a world of mythical creatures, legendary riches, and golden coins.
2 Huge Wins at Bovada Casino -
Paul D. from Boston, MA, scored really big, earning $808,529.80 playing the Food Fight progressive jackpot slot on the Bovada online casino on a wager of $11.25. Unfortunately Bovada's press release does not give any further details.
China Internet Clean Up Campaigns -
The advisory revealed that the current drive will run through to the end of March 2018, and that online gambling and other inappropriate or unacceptable content must be blocked because:
AOPA to campaign for poker to be left alone -
The threat that amendments to the federal Australian Interactive Gaming Act aimed at stopping in-play action could spill over into an online poker ban has motivated Aussie players to form an action group in support of the game.
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