Free Contests
Back to WINNERonline
Thursday, May 24
MSG Boards Casinos Bingo Sports Contests Poker Games


Get Started

Beginner's Guide



Ask Max

Play a Casino

Top Picks



Directory



Reviews



Slide Show



Random Pick

News & Features

Articles

Player Resources

Best Bonuses



Best Payouts



Biggest Jackpots



Tournaments



Message Boards

Free Games

Play Now!

Rules & Strategies

Blackjack



Slots



more...

Free Contests

Win Prizes!

More Channels

Bingo



Sports



Poker


Newsletter


Get free gambling tips and info! Subscribe to Gambling Newsletter



U.K. Budget To Introduce Online Casino Licence Fee
by Andrew Murray-Watson
19 March, 2007

NEWS

SOURCE: news.independent.co.uk

Gordon Brown is expected to use his last Budget speech on Wednesday to introduce a new gaming tax for online casinos and poker companies.

The announcement will coincide with the presentation of a report by a parliamentary committee that will criticise the process that led to Manchester being awarded the U.K.'s one "supercasino" licence.

The levy is likely to be set relatively low and be payable on the profits that offshore gaming companies make from their U.K. customers.

The Government has to introduce some form of gaming tax before September, when the Gambling Act, paving the way for new casinos to be built in the U.K., comes into force.

The online gambling industry has been calling for the introduction of a U.K. gaming licence. Companies would pay a fee to offer services to punters and would also pay a tax on profits derived in the U.K.

A senior figure at one online gaming group said: "The notion that we will move to the U.K., uproot all our people and pay corporation tax is daft. A licence fee makes more sense."

The Chancellor is being urged to make the Budget as corporate friendly as possible. John Cridland, deputy director-general of the CBI, called for "an acknowledgement that the business tax burden has crept much too high".

Email this page to a friend
Go to the Message Boards
Contact the editor











About Us - Search - Advertise - Webmasters - Feedback



Back to Top Copyright 1999-2003 ALI Online Inc. All rights reserved. Service Terms | Editorial Policy