Uk Govt To Tax Remote Gaming First Use Freeplays Only (update)

Tax burden on all freeplays in initial proposal was greater than expected, UK Government says

Following completion of the consultation aimed at bringing the remote gaming tax treatment of free plays in line with the general betting industry, the UK Government has determined the existing proposal will impose greater burdens on remote gaming business than initially expected and has undertaken to revise the draft legislation proposal by applying tax to the first use of freeplays only as opposed to taxing all freeplays.
In addition, based on the consultation suggestion, winnings will also only be brought into the duty calculation at the end of the re-wagering process.
It was further agreed, that games that are free-to-play for all participants, and prizes won playing these games, will be excluded from remote gaming duties.
Revised draft legislation was expected to be published today (Monday) along with a tax information and impact notice.
The new remote gaming duties are expected to be implemented from .
Detailed responses from industry representatives and the UK Government can be accessed here:
https://www.gov.uk/government/uploads/system/uploads/attachment_data/file/574345/Tax_treatment_of_freeplays_in_Remote_Gaming_Duty_-_summary_of_responses.pdf

Online Casino News Courtesy of Infopowa

About the Author... Total Posts Written: 9,449
Casinomeister

Casinomeister

The man with the plan here at Casinomeister. Bryan Bailey has been running Casinomeister since its launch in June of 1998. He has watched the industry grow from its primeval stage to what it is now. The Meister has attended nearly 100 conferences in the past 20 years and has either been a speaker or a panel moderator for at least 60 events. He has always been an advocate of fairness and reason and is known to like German beer, a good Scotch, and astrophography.
bryan@casinomeister.com

See More Posts