PokerStars Championship Prague
888poker
New poker experience at 888poker

Join now to get $88 FREE (no deposit needed)

Join now
PokerStars
Double your first deposit up to $400

New players can use bonus code 'STARS400'

Join now
partypoker
partypoker Cashback

Get up to 40% back every week!

Join now
Unibet
€200 progressive bonus

+ a FREE Unibet Open Qualifier ticket

Join now

UK Gaming Tax Bill Makes It to the House of Lords

  • Chad HollowayChad Holloway
The House of Lords

Back in November, the UK Gaming (Licensing and Advertising) Bill had a Third Reading in the House of Commons and was advanced to the House of Lords. On Tuesday, the House of Lords began a line-by-line examination of the bill, which is expected to pass and be implemented before the end of the year.

According to iGamingBuisness, the legislation provides that all online gambling firms operating in the UK pay a point of consumption tax – which currently stands at 15% of gross gaming revenue – and that all online gaming companies hold a UK Gambling Commission license. That would alter the current system where foreign companies are regulated by their respective jurisdiction.

To put it another way, this new bill would allow the UK to tax these non-UK based companies. In addition, those companies would be required to inform the UK Gambling Commission of any “suspicious betting behaviour that involves UK customers.”

For more information please visit iGamingBusiness.

*Lead photo courtesy of csmonitor.com.

Get all the latest PokerNews updates on your social media outlets. Follow us on Twitter and find us on both Facebook and Google+!

More Stories

Other Stories

What do you think?