Horse Antepost
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Care to explain what it is?
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From 1 December 2014, HM Revenue & Customs (HMRC) is changing the rules for General Betting Duty (GBD), Pool Betting Duty (PBD), and Remote Gaming Duty (RGD).
GBD applies to fixed odds betting and pool betting on horse and dog racing PBD applies to pool betting (other than on horse and dog racing) and non fixed odds betting RGD applies to remote gaming, for example casino games and bingo played over the internet This guide gives a brief overview of the key changes and what you will need to do if the changes affect your business. The new rules will affect: the remote gambling industry who offer remote betting and gaming to UK consumers from outside the UK UK land based betting business such as high street betting shops Land based gaming sector businesses such as casinos and bingo halls will not be affected by these new rules unless they offer remote betting or gaming. Premises based betting and the treatment of spread betting will be unaffected except for some administrative changes. The new rules don't start until 1 December 2014, although you may need to carry out some preparation before then. HMRC will publish full guidance on all aspects of the changes. HMRC has already published three Information Notes which set out some of the things it is proposed the guidance will say. You can read these by following the links at the end of this article. |
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It might have a cascade-down effect on commissions on here, I guess.
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Zzzzzzzz. Z xx
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Gibraltar have challenged the introduction of POC and are expected (by many analysts) to win. They've done so on the grounds that the moves do not have the intended effect of protecting the customer.
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