UK Online Poker Facing Tax ThreatUK Government To Introduce Point of Consumption Tax on Gambling |
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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
countries.”
Previously online gambling companies serving the UK pay tax at the point of supply, that is, from where they operated.
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