Registrations accepted online
Her Majesty's Revenue and Customs (HMRC) has advised that internet gambling operators can now register online for tax duties relating to online gambling services, urging operators licensed in the UK to use the facility before changes to remote gambling laws relating to tax come into effect on 1 December.
Operators who are liable to the taxes are asked to register corporate information at:
Sally Beggs, HMRC Deputy Director, Gambling Taxes, said in a statement:
"These new rules mean that all remote gambling businesses, whether based in the UK or elsewhere, will be taxed on the same basis. This will provide a level playing field so that all gambling by UK consumers is subject to UK tax.
"If your business is affected by these changes, you should register online as soon as possible and review your systems and procedures, in readiness for 1 December."
The new rules mean that some businesses will need to appoint a HMRC-approved representative in the UK.
UK-based operators that provide remote gambling services to customers who do not usually live in the UK will no longer be liable to the taxes on such transactions. Businesses such as casinos and bingo halls are not affected unless they offer remote betting or gaming.
Online Casino News Courtesy of Infopowa