UK Online Poker Facing Tax Threat
UK Government To Introduce Point of Consumption Tax on Gambling
The UK government yesterday announced it was to introduce a new tax on gaming operators including those based in overseas jurisdictions which serve UK players.
The tax, to be implemented by December 2014, will also likely apply to online poker operators and is expected to be levied at 15 percent on gross profits.
The government statement said, “The current taxation regime for remote gambling has allowed operators to avoid paying UK gambling duties by basing their operations abroad. To broaden the tax base and provide a fairer basis for competition between UK and overseas remote gambling operators.
“Budget 2012 announces that the Government will move to a tax regime that ensures operators anywhere in the world pay gambling duties on gross profits generated from customers based in the UK. This is in line with the actions of several other European
Previously online gambling companies serving the UK pay tax at the point of supply, that is, from where they operated.
|1||CEO Wins $1M At Blackjack, Drops $300K On Dinner|
|2||High-Stakes British Poker Pro Crashes Ferrari F458|
|3||Riviera Casino Bought, To Be Torn Down|
|4||Man Wins $1.5 Million On NJ Online Gaming Site|
|5||Poker Strategy: Tough River Situation|
|6||CPPT Wynn Begins Wednesday|
|7||Revel Casino Deal Salvaged, Sold For $82 Million|
|8||Web Poker: Phil Ivey Loses Another $600K|
|9||Win Seat To Beach Poker Classic Via CarbonPoker|
|10||Tribe Will Grow Marijuana If No Florida Casino|
|1||Poker Player Arrested At Final Table, Finishes 3rd|
|2||PokerStars Sues Erick Lindgren For $2.5 Million|
|3||World Series Of Poker Unveils 2015 Schedule|
|4||High-Stakes Poker Player Strikes Deal In Bomb Case|
|5||Ivey Wins Third Aussie Millions $250,000 High Roller|
|6||Nevada Adds 33rd Person To 'Black Book'|
|7||Poker Legend Doyle Brunson To Undergo Cancer Surgery|
|8||Horseshoe Cincinnati Cancels WSOP Circuit Stop|
|9||Online Poker: Phil 'Polarizing' Ivey Loses $600,000|
|10||Brad Pitt Loses $25K To Chauffeur In Poker Game|