Remote Gaming Duty – New Tax for Gambling Companies in the UK

There are going to be some changes in licensing and regulation of the online gambling industry in the UK. What is being planned is a new tax called Remote Gaming Duty. The tax is expected to be as low as 2% what will make possible for companies to get a UK license and go on operating overseas. The thing is that many UK gambling companies like 888 Holdings and PartyPoker are based in Gibraltar and other offshore places. So, the government was looking for the way to tax them.

The companies will be able to relocate to the UK in September. They’ll get a license under the Gambling Act. But still companies refuse to relocate to the UK if they have to pay the same tax as the brick-and-mortar casinos do, and it makes up to 40 % depending on the size.

Ladbrokes taking into consideration government’s plans, especially what concerns the 2% tax, has nothing against signing up for a UK license.

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About Mark Newman

Mark Newman - was born in 1971 in Pictou, a town located on the beautiful Northumberland Shore of Nova Scotia, Canada. In 1998 he graduated from Acadia University (Nova Scotia, Wolfville) with the Master’s degree in social studies. Mark simply adores his wife and sons. Considers poker to be one of the most exquisite kinds of art and rarely misses his chance of practicing.