UK: Government publishes responses to POC tax consultation

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In the 2012 Budget, the UK government announced its intention to tax remote gambling on a point of consumption basis. A consultation ran from 5 April 2012 until 28 June 2012 whereby operators, suppliers and other interested parties were invited to provide comments and responses. Today (16 Agust 2013), the responses to the consultation were published.

In addition to the responses by the industry, the first draft of the key Finance Bill clauses has also been made available for comment. The government has set a deadline of 30 September 2013 for views on the responses and draft legislation.

It is thought that any comments on the draft legislation between now and 30 September will simply help to refine the Finance Bill before a full eight-week technical consultation begins in Autumn. The UK Government intends to inmplement the reform on 1 December 2014.

Read the responses and draft Finance Bill clauses here.

Topics:  Gambling, Gaming Commissions, Internet Gambling, Tax Rates, UK

Published In: Art, Entertainment & Sports Updates, General Business Updates, Tax Updates

DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

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