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General Betting
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07 Feb 12
16:49
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14 Sep 02
bit hazy about this. would it be the end of Betfair?
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Replies: 8
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In this country (the UK) you mean? Then hardly - BF ran their UK business through a UK licence until fairly recently.
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good to hear. i'm confused by all the malta/gibraltar/aus stuff.
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The government want more money. If they get it there will be less money for winnings and therefore less winning punters.
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In this case I don't think that's true howard. It just means the offshore tax dodgers will have to accept the same percentages that bet.365 and other onshore internet firms live with.
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Feck i saw the MP thats pushing this on C4 news last night. He seems to want to place a tax on where the bet was placed. That is likely to be tricky so they may just increase the 15%GBT instead. That would certainly hurt the bookies with shops.
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*GPT
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They are most unlikely to increase GPT. It would be perverse to look at removing the inequality between onshore and offshore bookmakers and come to the conclusion that you will penalise the already higher taxed on shore firms.
Even when the machine GPT replacement for AMLD is discussed they are talking of a figure similar to the current level of GPT. |
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All the measure means is that the bet will be considered struck in Britain rather than e.g. Gibraltar if the punter is in England. It will help the levy in the short term.
I can't see them significantly increasing GPT, though an increase on Irish lines is not inconceivable. Bookies survive on the leaking 10 quid and under stakers and the high rolling fish. There's no likelihood of any tax or regulatory change inducing books to think again about their optimal clients. |