UK Online Gambling and Taxation System on Target for Deadlines

UK Online Gambling and Taxation System on Target for Deadlines The government is working toward putting the new point-of-consumption online gambling licensing, regulation and taxation system in place and progress is moving along quickly.

The UK Gambling Commission has posted FAQ's on its website available here:

As of December 1, 2014 the new tax regime will be in place and as of January 31, 2015 operators will be required to use software providers licensed in the United Kingdom.
  • I've a feeling these regulations ain't going to work out well for us, to the best of my knowledge it hasn't worked out in favour of the gamblers in any other country that has tried this, just the governments of course making plenty of extra cash.
  • Well Gambling is a very lucrative business especially for the companies based in Gibraltar, Malta, Luxembourg etc. Making UK based Bookmakers pay proper tax should be a decent source of money for the government ..

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