United Kingdom’s plan to tax Online Casinos for Free Spins

united kingdom to tax online casino
Going by media reports from last week, free plays and related discounts from online gambling operators are going to be subject to a new tax that takes effect from 1st August, 2017. The tax has been discussed widely, with different stakeholders in the industry voicing their opinions about its implications. The new taxation regime was removed from the Finance Bill 2017 previously, but now it seems like it is back and will be implemented after all. In the Finance Bill 2017, free plays would be dealt with differently according to recommendations published by HM Revenue and Customs. The changes concerning freespins for UK players proposed that the free plays should be added to the Remote Gaming Duty that licensed… Read More