General Betting

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20 Aug 13 17:58
Date Joined: 08 Jun 06
| Topic/replies: 126 | Blogger: lpool1's blog
I have seen this mentioned on a different forum.  What do people think?
Pause Switch to Standard View Online Gambling Firms To Pay 15% Tax...
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Report frog2 August 20, 2013 8:30 PM BST
Be interesting to see how they enforce it. How can they stop offshore firms accepting bets from the UK?
Report SHAPESHIFTER August 20, 2013 8:34 PM BST
Enforcement done through a banking system.  They may need to set up an account within the UK.  Banks are instructed to only allow payments to company XYZ to be done to that UK accounts.
Report frog2 August 21, 2013 9:05 AM BST
Thanks Shapeshifter for the info. Have you got a weblink to that because I cannot find anything on how the UK governement plans to enforce it.

The reason the government originally said the change was necessary was to make sure UK customers were protected by regulation. The extra tax was mere a by-product. But that sky article quotes Sajid Javid....

"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," Economic Secretary to the Treasury Sajid Javid said.

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

If the main reason is merely to impose a new tax couldnt the government have problems with EU law?
Report dave1357 August 22, 2013 3:23 PM BST
it will be illegal to accept bets without being licensed by the uk gambling commission and anyone who doesn't pay their tax will lose their license.  So obv the big companies aren't going to allow their CEOs to be dragged through the courts.
Report dave1357 August 22, 2013 3:25 PM BST
The sham regulators in gib and malta have brought this on themselves and I look forward to them all losing their jobs.
Report Darlo Bantam August 22, 2013 3:27 PM BST
Is the same government going to do the very same thing to make their own donors avoid paying any taxes?

Report SHAPESHIFTER August 22, 2013 3:28 PM BST
frog2, no link specific but just aware through conversation with someone in banking when I asked him how any government could regulate internet business (besides simply blocking ip's).

But this is really easily to implement.

And it will be simple to implement a 'license'.
Report dave1357 August 22, 2013 5:38 PM BST
this is the draft licensing bill

and heres a link to the tax stuff
Report frog2 August 22, 2013 8:30 PM BST
If it is all now just about Sajid Javid trying to raise extra tax it will be interesting to see if hills and co contest it on a European level given that the UK is now a mature market. At least everyone has shown their cards now.
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