news image thumb

UK Online Gambling Firms to Pay 15% Tax by December 2014

When the UK’s 2012 budget was announced we were made aware that the government was planning to bring in offshore gaming companies under the UK tax system. Currently, if a gaming company is registered offshore, such as Gibraltar, they only have to pay 1% of the profits they make from any UK based customers. This is also capped at £425,000 meaning that the most tax they would ever have to pay to the UK government in a year would be £425,000, no matter how much profit they make.

The government have now announced that they will be adding a new rule to the March 2014 Budget that will require online gaming companies to pay 15% tax on the profits they make from UK players. They will therefore, be taxed on where there players are based, rather than where in the world their companies are registered. The new rule is rumoured to be put into place by December 2014.

If this new Tax law does get put into place, then it is thought that it will raise an additional £300 million for the government.

Let us know what you think of this new tax rule? Do you think it will actually be put into place by the government?


Categorised Under: General Gambling News
User Rating
User Rating

Leave A Comment

Site Of The Month
Guts Casino

Guts Casino brings new games from BetSoft, Net Ent, Microgaming and IGT. New players can claim up to £300 and 100 free spins when they join guts.com.
Featured Site
Leo VegasFeatured
Casino Site

October 2015

Leo Vegas obviously believe that variety is the spice of life because they offer players games from four of the best casino software suppliers. They also extend a rather generous sign up offer to all players, so you know...
Last Visitor

Suvadeep Paylituzu Elkomandante Phenvargas Sbothai MaryDom Choosay WallaceM Heng Luis
Signup for your email updates.Get special offers, news, competitions and more!
Re: What is Asia Live Tech's iGaming Revenue Sharing Pool?
"We make a living by what we get, but we make a life by what we give. [color=#DCE9FE:1peb4r4r]s"

What is Asia Live Tech's iGaming Revenue Sharing Pool?
"One of the most revolutionary aspects of the modern iGaming industry is Asia Live Tech’s iGaming Revenue Sharing Pool program. The basic premise is that on top of the operator"

Inside Casinos Reviewer
New Casino Sites

New online casinos are the lifeblood of the gaming world. This is the reason we search long and hard for the newest casino sites, making connections with operators to ensure we bring you them first.

Take a look
Casino competition

Every month we run a free casino competition, you can enter these competitions by visiting their respective page.

Prizes for the home, casino chips, electrical items - we giveaway them all!


Take a look
Free Casino Reviews

The online casino scene is booming which is why it's so important to do your research before choosing a casino site to call home. Read the latest casino reviews arranged alphabetically.

Take a look
Internet Casino

The rise of the Internet casino market in the UK is great news for gamblers. Internet casinos are doing their best to attract new players to their sites with no deposit casino offers and promotions.

Take a look