Tag: Online Gambling tax
Online Gambling To Pay 15% UK Tax
August 19, 2013
Sky News – Online betting companies based in offshore havens to sidestep Britain’s gambling taxes will be hit with a new levy that may raise £300m for the taxpayer. The Government is to impose a 15% tax rate on operators in the £2bn remote gambling market. The rules state that from December 2014 gambling must be taxed according to where customers are based rather than where the online operator is registered. “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…