Remote Gambling Tax in UK to Increase to 21%

[baldidiot]

Totally missed this yesterday, point of consumption tax on UK online gambling increasing to 21%:

As part of Hammond’s Budget 2018 plans, all firms offering online gaming will be subject to a 6% increase in Remote Gaming Duty.

In real terms, betting firms will now give up 21% of their gross gambling yield to the taxman, as opposed to the 15% rate that was introduced in 2014.

Source

[Moonlight Cat]

One more step to inlicensed pirate software and black gambling market

[AussieDave]

point of consumption tax on UK online gambling increasing to 21%

Pretty soon there will be nothing left except 'crumbs' (if that) for UK facing affiliates.

[LeeGwilliam]

One more step to inlicensed pirate software and black gambling market

I think the UK is a little ways off that yet, however, it's definitely a step in the wrong direction

[casionmark]

Yes saw that. 12 months til it comes in. Any idea how much it will impact rev shares?

Sent from my SM-G950F using Tapatalk

[LeeGwilliam]

Yes saw that. 12 months til it comes in. Any idea how much it will impact rev shares?

Sent from my SM-G950F using Tapatalk

Well, will definitely lead to an increase in admin fee's before NGR is calculated, it's inevitable.

[Mattbar]

I think the UK is a little ways off that yet, however, it's definitely a step in the wrong direction

For now perhaps, as long as they don't start doing what they do with cigarettes and alcohol and increasing the levy on a regular basis. If they start to use the industry as a cash cow then we will start to see a black market return.

[AussieDave]

For now perhaps, as long as they don't start doing what they do with cigarettes and alcohol and increasing the levy on a regular basis. If they start to use the industry as a cash cow then we will start to see a black market return.

I've stopped buying tailor made cigarettes, and have been smoking roll your own. A carton of B&H was setting me back AU$200+ (per week), now I spend around $75. But F#ck me if the bastards haven't once again raised the damn tax. Can't obtain nicotine juice here - it's illegal. The only place one can get that is New Zealand now, and even that looks like its going to be stopped very soon.

Once they (Governments) get a taste of easy money, like any addiction, is a hard habit to break. Governments don't like giving sh#t up. They much prefer using the old thumb screws, and turn them a bit every so often!

[Sherlock]

It seems you understand the addiction well. What about stop smoking

I agree the Uk market can be milked sadly much more. But along with AML/KYC annoyance the opportunity will loom for black market.

Problem is that UK is sofisticated developed soft authoritarian state. They control both internet and money flows. So the money used has to be crypto and the sportsbooks must be probably on decentralized infrastructure. SOmething better than tor must appear, it is too slow.

On the top now we live in era of credit and not savings, so it is much easier to max the credit card directly. Get the borrowed money to crypto is costly and takes time. Nothing for impulsive gamblers full of hopium.

Gambling in developed world is becoming a tax itself. They want all become gamblers, but just at slow bleeding level, not too destructive, just a little bit. If you do not gamble, you pay less taxes; if you gamble too much, you are a net cost for social security system. You have to be in the middle(class). Same with other taxes: state want you to earn well, to pay big taxes, but not that much so you can afford to be out of the system.

It is perfect. Like robots.