New Posts For Thread: FOBT taxationhttps://community.betfair.com/general_betting/go/thread/view/94082/28222685/fobt-taxationbreakfast TV are continually showing a guy in cleethorpes suggesting there is to be a new taxation on gaming machines that is based on potential profits, anyone??In Glasgow you have 3 Ladbrokes Shops within 100 yards of each other (1st to 3rd) when you exit Central Station. You also have a Billies and a Bald One next to each other along with one of the three Laddies, also a Powers round the Corner.That is 6 Bhttps://community.betfair.com/general_betting/go/thread/view/94082/28222685/fobt-taxation?post_id=505717357#505717357In Glasgow you have 3 Ladbrokes Shops within 100 yards of each other (1st to 3rd) when you exit Central Station. You also have a Billies and a Bald One next to each other along with one of the three Laddies, also a Powers round the Corner.That is 6 BWed, 24 Aug 2011 04:11:44 -0500is playing gaming machines in shops or amusement arcades different from playing online??will both be subject to new legislation ?https://community.betfair.com/general_betting/go/thread/view/94082/28222685/fobt-taxation?post_id=505717083#505717083is playing gaming machines in shops or amusement arcades different from playing online??will both be subject to new legislation ?Wed, 24 Aug 2011 03:56:29 -0500average win per machine per shop per week.lad £820will £900cor £900if anyone interested!!https://community.betfair.com/general_betting/go/thread/view/94082/28222685/fobt-taxation?post_id=505716557#505716557average win per machine per shop per week.lad £820will £900cor £900if anyone interested!!Wed, 24 Aug 2011 03:26:07 -0500Goggles June 28 days machinesStakes £106621 payout £104057 profit £2563 - licence £420 - share £489 leaving profit of wait for it........... £1654 the 15% wont make much difference to me but once they make more than 3k a month you lose out.https://community.betfair.com/general_betting/go/thread/view/94082/28222685/fobt-taxation?post_id=505676551#505676551Goggles June 28 days machinesStakes £106621 payout £104057 profit £2563 - licence £420 - share £489 leaving profit of wait for it........... £1654 the 15% wont make much difference to me but once they make more than 3k a month you lose out.Tue, 23 Aug 2011 07:56:04 -0500maine roadi know what you are saying about regarding the exes but if your lucky enough to win otc as well on the week at least you can put one on to wipe some of that out if you are allowed to combine both and hopefully just cover the exes and a bithttps://community.betfair.com/general_betting/go/thread/view/94082/28222685/fobt-taxation?post_id=505674901#505674901maine roadi know what you are saying about regarding the exes but if your lucky enough to win otc as well on the week at least you can put one on to wipe some of that out if you are allowed to combine both and hopefully just cover the exes and a bitTue, 23 Aug 2011 07:09:13 -0500Goggles them days are gone, because the overheads are so high you need to bank a significant amount just to stand still. If you do as you say, you would end up not putting enough in the bank. In the old days yes, but now its not the same. The gaminghttps://community.betfair.com/general_betting/go/thread/view/94082/28222685/fobt-taxation?post_id=505674067#505674067Goggles them days are gone, because the overheads are so high you need to bank a significant amount just to stand still. If you do as you say, you would end up not putting enough in the bank. In the old days yes, but now its not the same. The gamingTue, 23 Aug 2011 06:43:49 -0500maine roadif it is a 15% tax on machine profit and you are allowed to mix it with over the counter profit which i presume is still 15% then being a one man band this will go in your favour as you can put on a couple of late ones so make a loss on thehttps://community.betfair.com/general_betting/go/thread/view/94082/28222685/fobt-taxation?post_id=505673319#505673319maine roadif it is a 15% tax on machine profit and you are allowed to mix it with over the counter profit which i presume is still 15% then being a one man band this will go in your favour as you can put on a couple of late ones so make a loss on theTue, 23 Aug 2011 06:18:40 -0500At the moment you pay £2525 whether your machine wins £200 or £20000, so a small independent pays the same as a national with machines making fortunes.https://community.betfair.com/general_betting/go/thread/view/94082/28222685/fobt-taxation?post_id=505673211#505673211At the moment you pay £2525 whether your machine wins £200 or £20000, so a small independent pays the same as a national with machines making fortunes.Tue, 23 Aug 2011 06:14:46 -0500Gaming machinesFinance Bill 2011 will contain legislation to allow HMRC to proceed with and develop the newly announced Machine Games Duty, which will be a profits-based duty. This new duty will replace Amusement Machine Licence Duty, and any games phttps://community.betfair.com/general_betting/go/thread/view/94082/28222685/fobt-taxation?post_id=505673153#505673153Gaming machinesFinance Bill 2011 will contain legislation to allow HMRC to proceed with and develop the newly announced Machine Games Duty, which will be a profits-based duty. This new duty will replace Amusement Machine Licence Duty, and any games pTue, 23 Aug 2011 06:13:00 -0500I'd assume that these earnings came under the same category as any bookmaker earnings. It's gross profit taxt these days, isn't it? I presume that the license fee would be in addition to GPT.https://community.betfair.com/general_betting/go/thread/view/94082/28222685/fobt-taxation?post_id=505673021#505673021I'd assume that these earnings came under the same category as any bookmaker earnings. It's gross profit taxt these days, isn't it? I presume that the license fee would be in addition to GPT.Tue, 23 Aug 2011 06:08:20 -0500