new UK gambling with 15% Point of Consumption tax

The new UK gambling with 15% Point of Consumption tax

UK gambling tax

The person of the greatest importance has become Peter Howitt, Gibraltar Betting and Gaming Association (GBGA) CEO for the past months because of his activity in the online gaming industry and the UK in particular.

The new 15% Point of Consumption (POC) tax for online gaming operators introduced by the UK Gambling Bill became a reality on December, 1 after being passed by the House of Lords in March 2014 and received its Royal Assent in May 2014.

Howitt and the GBGA challenging the bill in higher courts was the reason for the loitering, as they claimed that the UK gaming providers are in more advantageous terms than operators from other countries.

In the interview to eGaming Review Howitt said, “Gibraltar is among one of the most beneficial gambling jurisdictions in this business and it provides more than 3,000 people with work and millions of gamblers with services. It is open to new businesses which can’t be said about the UK with its new tax act. Not many operators would like to invest in the place that is not interested in investing.”

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But the tax can be challenged in 2015 and as GBGA and Howitt admits there are hopes for success as there are some items that should be stresses. The UK gaming industry is not in the best conditions nowadays, so the government should realize the necessity of some changes to its policy in this sphere.

Gambling tax in Netherlands

Dutch gambling regulator Kansspelautoriteit (KSA) was accused in impropriety after it began to pre-apply for Dutch gaming licenses on the official site while expecting of the new gaming act.

William Hill insisted other operators to give over their activity in this country in response to this.

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