New Posts For Thread: Remote Gaming Duty going up in the UKhttps://community.betfair.com/chit_chat/go/thread/view/94038/31460945/remote-gaming-duty-going-up-in-the-ukFrom 15 to possibly 20-25% according to yesterday's Financial Times. Huge increase if true Budget to be presented next monday.21%https://community.betfair.com/chit_chat/go/thread/view/94038/31460945/remote-gaming-duty-going-up-in-the-uk?post_id=555865009#55586500921%Mon, 29 Oct 2018 17:47:40 -0500because it is irrelevant. listed companies like most of the big books are audited and aren't* going to file false accounts to avoid the tax.*obviously one will at some time to prove the rulehttps://community.betfair.com/chit_chat/go/thread/view/94038/31460945/remote-gaming-duty-going-up-in-the-uk?post_id=555819987#555819987because it is irrelevant. listed companies like most of the big books are audited and aren't* going to file false accounts to avoid the tax.*obviously one will at some time to prove the ruleTue, 23 Oct 2018 14:28:20 -0500Dave.They don't check.They never have.https://community.betfair.com/chit_chat/go/thread/view/94038/31460945/remote-gaming-duty-going-up-in-the-uk?post_id=555815901#555815901Dave.They don't check.They never have.Tue, 23 Oct 2018 02:00:12 -0500studyformIt is the simplest possible calculation money received from UK customers minus money paid to online customers. That can be audited incredibly easily. If it can't the company in question is probably being defrauded by multiple employees.Defhttps://community.betfair.com/chit_chat/go/thread/view/94038/31460945/remote-gaming-duty-going-up-in-the-uk?post_id=555810871#555810871studyformIt is the simplest possible calculation money received from UK customers minus money paid to online customers. That can be audited incredibly easily. If it can't the company in question is probably being defrauded by multiple employees.DefMon, 22 Oct 2018 09:30:58 -0500the wannabee self regulating bookies are happy to advertise in shop that you canstill spin £100 a pop on the fobt if you register with them ! and £50 if you do not register.https://community.betfair.com/chit_chat/go/thread/view/94038/31460945/remote-gaming-duty-going-up-in-the-uk?post_id=555810835#555810835the wannabee self regulating bookies are happy to advertise in shop that you canstill spin £100 a pop on the fobt if you register with them ! and £50 if you do not register.Mon, 22 Oct 2018 09:26:20 -0500UK customers using online companies based offshore, lose that money to offshore companies. That profit is then self-declared.I think it unlikely that the true numbers for full tax revenue is provable.Fiddling is never checked, because, as I understanhttps://community.betfair.com/chit_chat/go/thread/view/94038/31460945/remote-gaming-duty-going-up-in-the-uk?post_id=555810735#555810735UK customers using online companies based offshore, lose that money to offshore companies. That profit is then self-declared.I think it unlikely that the true numbers for full tax revenue is provable.Fiddling is never checked, because, as I understanMon, 22 Oct 2018 09:13:08 -0500that's not relevant - the tax only applies to gross revenue generated by uk customers. Any company fiddling that will lose it's uk license.https://community.betfair.com/chit_chat/go/thread/view/94038/31460945/remote-gaming-duty-going-up-in-the-uk?post_id=555810625#555810625that's not relevant - the tax only applies to gross revenue generated by uk customers. Any company fiddling that will lose it's uk license.Mon, 22 Oct 2018 09:03:48 -0500Fair enough, dave. We'll see.Not sure whether the comparison with other countries is necessarily valid though. The competition might be less severe in those jurisdictions. Over here you still have a range of betting shops in some sort of competitionhttps://community.betfair.com/chit_chat/go/thread/view/94038/31460945/remote-gaming-duty-going-up-in-the-uk?post_id=555810535#555810535Fair enough, dave. We'll see.Not sure whether the comparison with other countries is necessarily valid though. The competition might be less severe in those jurisdictions. Over here you still have a range of betting shops in some sort of competitionMon, 22 Oct 2018 08:52:20 -0500It won't affect the online stuff much as that is all off shore, and there seems to be no burden of proof of taxable profits.https://community.betfair.com/chit_chat/go/thread/view/94038/31460945/remote-gaming-duty-going-up-in-the-uk?post_id=555810489#555810489It won't affect the online stuff much as that is all off shore, and there seems to be no burden of proof of taxable profits.Mon, 22 Oct 2018 08:45:32 -0500they could use the higher commission to advertise the exchange (as previously promised)and not use the brand to lure folk straight to the sportsbook/casinohttps://community.betfair.com/chit_chat/go/thread/view/94038/31460945/remote-gaming-duty-going-up-in-the-uk?post_id=555810467#555810467they could use the higher commission to advertise the exchange (as previously promised)and not use the brand to lure folk straight to the sportsbook/casinoMon, 22 Oct 2018 08:42:52 -0500