Published

Government reveals remote tax plans

The

Treasury
UK government has set out its proposals for a ‘place of consumption’ remote gambling tax.

The new rules, which are scheduled to come into force on 1 December 2014, will see all remote gambling firms taxed on profits made from UK customers, no matter where in the world the company themselves are based.

Depending on the type of services they offer, the operators will be required to pay either remote gaming duty, general betting duty or pool betting duty, all of which are currently set at 15%, with the rates set to be confirmed in next year’s Budget.

The new rules are expected to bring in approximately £300m per year in additional tax revenues.

The current system allows remote gambling firms based offshore to pay tax on a ‘place of supply’ basis, meaning they don’t pay UK gaming tax.

The new rules will be enforced via the creation of new criminal offences, with punishments including a prison sentence of up to seven years, an unlimited fine, and the loss of a remote gambling licence.

Economic secretary to the Treasury, Sajid Javid, said: "It is unacceptable that gambling companies can avoid UK taxes by moving offshore, and the government is taking decisive action to ensure this can no longer happen in the future.

"These reforms will ensure that remote gambling operators who have UK customers make a fair contribution to the public finances."
Premium+ Connections
Premium

Galaxsys

 
Premium

1xBet Partners

 
Premium

GammaStack

 
Premium

Revsharks

 
Premium

Sport Generate

 
Premium

PIN-UP Partners

 
Premium

Digitain

 
Premium

Lynon

 
Premium

Imagine Live

 
 
Premium

RISK

 
Premium Connections
Consultancy

SCCG Management

Executive Profiles
Zeal Network SE

Stefan Tweraser

VIP Play

Les Ottolenghi

Scientific Games

Keshav Pitani

Social & App

Spribe CEO exclusive: Simplicity is the foundation

Spribe CEO David Natroshvili speaks to Gambling Insider abou...

Redefining iGaming: A history of crash games

Crash games is a growing vertical that has taken gambling by...

A certain something: What makes crash games special?

Crash games. They’re simple, they’re easy to learn and,...

Smarter innovation to shape the future

Spribe CCO Giorgi Tsutskiridze discusses the past, present a...

Facing Facts: The corner of quarterly contemplation

With Q1 reports out across the industry, Gambling Insider co...

Taking Stock: A guide to key stock prices across the industry

Gambling Insider tracks prices from some of the industry’s...

15 years of Gambling Insider: From the Founders

Over the last 15 years, Gambling Insider magazine has interv...

15 years of Gambling Insider: The Awards over time

Global Gaming Awards Event Manager Mariya Savova gives us he...