The influence of 15% Point of Consumption tax in the UK
The UK and Peter Howitt, Gibraltar Betting and Gaming Association (GBGA) CEO has taken the noticeable position in connection with the online gaming industry for the several months.
On December, 1, the new 15% Point of Consumption (POC) tax for online gaming operators imposed by the UK Gambling Bill came to live after being passed by the House of Lords in March 2014 and received its Royal Assent in May 2014.
The protraction of the tax was connected with Howitt and the GBGA challenging the bill in higher courts on the perquisite that gambling UK operators had benefits in comparison with other providers.
As Howitt explained in his interview, Gibraltar has ever been a supportive place of the online gaming due to its jurisdictions offering various gaming services and employing more than 3 thousand people in this business. And the changes made with the new tax bill by the UK have questioned the trust of many gaming providers in this country.
But the chance to change the tax still remains, as GBGA received allowance to challenge it in 2015. The Association thinks that there are some points that should be considered. The UK gambling market is having a worse time since the introduction if the tax, so the situation should be improved and the politicians should understand this.”
New gambling bill in Netherlands
Dutch gambling regulator Kansspelautoriteit (KSA) decided to pre-apply for Dutch gaming licenses on its website in order to prepare for the new bill ready to be introduced and was blamed of impropriety for this.
Answering this, William Hill demanded all the operators to leave off this market.