Joined: Dec '10
Location: United Kingdom
Age: 70 (M)
Posts: 206
OK and its about time that the UK Remote Gambling users will have a consumer protection body being put in place in the near future to protect there interests. I can only assume that it will relate only to all UK citizens who use over seas providers.
All providers in the UK of online gambling including smart phones will have to acquire a UK GAMBLING LICENCE no matter what country there equipment is used from, the cost of policing this will be met by all the providers who must register for a UK GAMBLING LICENCE.
Also the above will not be able to advertise in the UK with out a Gambling Commission Licence.
Taxation of online profits will also be looked at were a provider who advertises in the UK but has its equipment in another country, by having a UK GAMBLING LICENCE will be required to pay tax in the UK.
All registered with a UK GAMBLING LICENCE will be given a UK kite mark to be shown on there sites so that the user will be able to identify the licenced providers.
William Hill have threatened to appose this aggressively, I think they should save there money because the UK will not be beat on this, it has been needed in the UK for many years.
This is just a small part that is going through its second reading the house of commons today.
Again I say this is about time, I am sure that online fraud will fall because of this, also the providers will have to buck up with how they deal with stealing a user of that sites bank roll when closing there accounts.
Joined: Dec '12
Location: Bulgaria
Age: 47 (M)
Posts: 1022
Hello Simon,
This process already happened in Bulgaria in June this year. All the online poker/casino operators who want to operate in the territory of Bulgaria need a license from the Bulgarian State Gambling Commission. Our Government blocked more than 70 poker/casino sites, creating the "black list" who doesn't have a license from our Gambling Commission.
When you try to open a poker/casino site from Bulgaria which is not licensed and it's in the "black list", appear the site of The Bulgarian State Gambling Commission, explaining that this operator doesn't have a license and can not operate from Bulgaria. All these gambling sites are banned here.
Probably it will happen the same in UK. You are happy because PokerStars have offices in London and I suppose they have a UK license.
Untill today only EFbet (EuroFutbol Malta) received a license from the Bulgarian State Gambling Commission. Rational Enterprises Limites (PokerStars) also applied for a license.
From here now it is legal to play only at efbet, PokerStars and FullTilt Poker, but only the old players who created PokerStars accounts before June 1, 2013.
I think this is good for the iconomics of every country. These online gambling operators have taken EUR 2 Bullion in 2012 from the Bulgarian players from the territory of Republic of Bulgaria.
This is a huge amount of money for a small country like Bulgaria. So, I support the actions of our Government and I find it honest that every gambling site has to pay for a license to our State Gambling Commission.
Best Regards, Peter7878
Edited by Peter7878 (05 November 2013 @ 15:17 GMT)
Joined: Apr '11
Location: Romania
Age: 35 (M)
Posts: 6669
This is not good for all UK players, i mean be sure that those gambling license will cost some serious money plus probably players will also need to declare their winnings or loses.
Plus, even is Isle of Man is legally not in UK it's basically the same deal so i guess they wanted some extra from stars.
Joined: Mar '09
Location: Greece
Age: 47 (F)
Posts: 14136
And what makes you think that users will be provided with the security you are saying at the end of your post? Do you really believe that this whole move is about protecting UK citizens. Cause it clearly screams its one more taxation to me and nothing more.
And as of your way of thinking Peter. I dont think that these companies took 2 billion from Bulgarian players. Lets be realistic here. Its the Bulgarian players who gambled that money. Did anyone forced them to do so?
Joined: Dec '10
Location: United Kingdom
Age: 70 (M)
Posts: 206
Has for taxation it will only apply to those providers who advertise there wears and have UK citizens playing there site, bet365 has decided to provide there site from the UK paying 15% tax on all of its profits from all of its gambling sites including bingo, has for the cost if you had read my post fully you would have seen that taxation is for the providers profits, the cost for running this is to come from the registration cash from providers, no user from the UK will pay any tax on there winnings, it will be in accordance with high street betting shops, but if tax is to be paid there in the future it will also apply to online gambling.
The way they intend to run this or police it is by the way that you deposit your cash into you UK account whether it is a high street bank or other providers skrill is one for instance, did I spell it right, they too will be registered and will have to follow a code of practise that only sites that are registered with the UK gaming commission will be able to have funds put into a clients account that is also a site that is registered for a Gambling commission licence.
Posted by Macubaas: This is not good for all UK players, i mean be sure that those gambling license will cost some serious money plus probably players will also need to declare their winnings or loses.
Plus, even is Isle of Man is legally not in UK it's basically the same deal so i guess they wanted some extra from stars.
In the UK, unless they have changed it whilst I was not looking, all gaming winnings are tax free.
You can win £10,000,000+ on our Lotto and there is no tax payable.
Of course, once you do something with it you get taxed 6 ways from Sunday. Even putting it in an interest bearing Savings Account will incur tax on any interest. Buy something and there is the good old VAT.
Joined: Mar '12
Location: United Kingdom
Age: 40 (M)
Posts: 1277
Posted by Mober: And what makes you think that users will be provided with the security you are saying at the end of your post? Do you really believe that this whole move is about protecting UK citizens. Cause it clearly screams its one more taxation to me and nothing more.
And as of your way of thinking Peter. I dont think that these companies took 2 billion from Bulgarian players. Lets be realistic here. Its the Bulgarian players who gambled that money. Did anyone forced them to do so?
That's it. It is a way for the government to make more money, as they see they are losing money technically by not having Ps and other sites with a license. The cost of course will come to the players in one way or another and the UK government I can assure you does not give a dam about any poker players.
Joined: Apr '11
Location: Romania
Age: 35 (M)
Posts: 6669
Henry, they always start up like this, they first tax the supplier, find out the exact amount of cash played by players and UK and then they will move to the next step.
I knew in UK gambling winnings are tax free, thats one of the reasons for which so many high stakes players moved there-skjervoy, isildur, etc.
Joined: Mar '09
Location: Greece
Age: 47 (F)
Posts: 14136
You are saying they are asking for 15%. Do you know if that percentage applies only to the income that they will get only from the UK citizens playing, or not? Cause the difference is huge, and not all sites have their base in UK, like William Hill for example.
Joined: Dec '10
Location: United Kingdom
Age: 70 (M)
Posts: 206
the 15% tax to providers will be from all profits that any site works from no matter were ther equipment is based or there head office, by buying a UK gambling licence has far has the UK are concerned they are a UK based company and will pay tax in line with that country, yes 15% is what bet365 pay to the UK revenue, they could have set up in Ireland, Gibraltar or one of the many countries that will have them, Bet365 decided that the UK was the best for them, don't forget that the UK offers tax incentives for new business who set up here and are legal to the UK for operating there business here, all will eventually have to do the same or by the UK control of depositing any site without a UK licence will not have funds deposited in there clients account and that means close yes, it is simply one way or the other
Joined: Mar '09
Location: Greece
Age: 47 (F)
Posts: 14136
So you have for example a company based in Spain. In order for it to legally have UK players playing they will have to get a UK tax number. And they are gonna get taxed to the full for 15% ? How that works exactly. Cause they would also have to pay taxes in Spain.
from stars.
