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Author Topic: Should we be worried?  (Read 3266 times)
Amatay
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« on: March 22, 2012, 06:55:58 AM »

Mate just sent me a msg to say check out 2012 uk budget and something about tax on gambling dependent upon where customer is? What's the crack?
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AdamM
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« Reply #1 on: March 22, 2012, 07:50:44 AM »

20% tax on gambling machines.

No tax on gambling winnings AFAIK
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kinboshi
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« Reply #2 on: March 22, 2012, 08:09:39 AM »

Don't worry, any tax is only on winnings...
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Amatay
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« Reply #3 on: March 22, 2012, 09:01:32 AM »

Don't worry, any tax is only on winnings...


Phew! I'll let Cos know, cheers!
« Last Edit: March 22, 2012, 09:04:40 AM by Amatay » Logged

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Cf
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« Reply #4 on: March 22, 2012, 09:07:56 AM »

20% tax on gambling machines.

No tax on gambling winnings AFAIK

Trying to work out if this fruit machine tax is a good thing or not!

There's currently a one off licensing fee. Trying to work out if this has been abolished. If so good news. If not then bad news Sad
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StuartHopkin
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« Reply #5 on: March 22, 2012, 09:14:14 AM »

20% tax on gambling machines.

No tax on gambling winnings AFAIK

Trying to work out if this fruit machine tax is a good thing or not!

There's currently a one off licensing fee. Trying to work out if this has been abolished. If so good news. If not then bad news Sad

Tell me more about your fruit machine fun Charlie boy ;-)
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AlunB
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« Reply #6 on: March 22, 2012, 09:27:50 AM »

No. You shouldn't.

It's a tax on the gambling site's profits and it won't come into effect until December 2014 at the earliest.

As Barry Carter said on Twitter, fear not you do not need to join the real world.
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Cf
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« Reply #7 on: March 22, 2012, 09:33:37 AM »

20% tax on gambling machines.

No tax on gambling winnings AFAIK

Trying to work out if this fruit machine tax is a good thing or not!

There's currently a one off licensing fee. Trying to work out if this has been abolished. If so good news. If not then bad news Sad

Tell me more about your fruit machine fun Charlie boy ;-)

I am good at them and make quite a bit of money Smiley
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StuartHopkin
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« Reply #8 on: March 22, 2012, 09:39:47 AM »

20% tax on gambling machines.

No tax on gambling winnings AFAIK

Trying to work out if this fruit machine tax is a good thing or not!

There's currently a one off licensing fee. Trying to work out if this has been abolished. If so good news. If not then bad news Sad

Tell me more about your fruit machine fun Charlie boy ;-)

I am good at them and make quite a bit of money Smiley

Spoil sport

I love dem fruities but the only way I have ever known you can win consistently on them is too watch people who do not know what they are doing leave the machine at the wrong time. You then have to hop on. I assume you are implying you just have crazy skills well above this?
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Cf
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« Reply #9 on: March 22, 2012, 09:42:09 AM »

20% tax on gambling machines.

No tax on gambling winnings AFAIK

Trying to work out if this fruit machine tax is a good thing or not!

There's currently a one off licensing fee. Trying to work out if this has been abolished. If so good news. If not then bad news Sad

Tell me more about your fruit machine fun Charlie boy ;-)

I am good at them and make quite a bit of money Smiley

Spoil sport

I love dem fruities but the only way I have ever known you can win consistently on them is too watch people who do not know what they are doing leave the machine at the wrong time. You then have to hop on. I assume you are implying you just have crazy skills well above this?

There is a bit of that. Nothing better than watching someone do their brains on a machine and jump on afterwards in certain spots.

There are then certain skills over and above that Smiley e.g. there's certain machines (not all - some machines suck) where if we were to both play it from the same starting point I would make more money because I knew the best strategy Smiley
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StuartHopkin
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« Reply #10 on: March 22, 2012, 09:47:22 AM »

20% tax on gambling machines.

No tax on gambling winnings AFAIK

Trying to work out if this fruit machine tax is a good thing or not!

There's currently a one off licensing fee. Trying to work out if this has been abolished. If so good news. If not then bad news Sad

Tell me more about your fruit machine fun Charlie boy ;-)

I am good at them and make quite a bit of money Smiley

Spoil sport

I love dem fruities but the only way I have ever known you can win consistently on them is too watch people who do not know what they are doing leave the machine at the wrong time. You then have to hop on. I assume you are implying you just have crazy skills well above this?

There is a bit of that. Nothing better than watching someone do their brains on a machine and jump on afterwards in certain spots.

There are then certain skills over and above that Smiley e.g. there's certain machines (not all - some machines suck) where if we were to both play it from the same starting point I would make more money because I knew the best strategy Smiley

You big tease.

My strategy these days is......

if it seems to be playing ram it full of money until i get mega streak......

then play a bit more just in case......

until i realise I best ram it full of more money because mega streak must be on the way again!
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Cf
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« Reply #11 on: March 22, 2012, 09:50:13 AM »

20% tax on gambling machines.

No tax on gambling winnings AFAIK

Trying to work out if this fruit machine tax is a good thing or not!

There's currently a one off licensing fee. Trying to work out if this has been abolished. If so good news. If not then bad news Sad

Tell me more about your fruit machine fun Charlie boy ;-)

I am good at them and make quite a bit of money Smiley

Spoil sport

I love dem fruities but the only way I have ever known you can win consistently on them is too watch people who do not know what they are doing leave the machine at the wrong time. You then have to hop on. I assume you are implying you just have crazy skills well above this?

There is a bit of that. Nothing better than watching someone do their brains on a machine and jump on afterwards in certain spots.

There are then certain skills over and above that Smiley e.g. there's certain machines (not all - some machines suck) where if we were to both play it from the same starting point I would make more money because I knew the best strategy Smiley

You big tease.

My strategy these days is......

if it seems to be playing ram it full of money until i get mega streak......

then play a bit more just in case......

until i realise I best ram it full of more money because mega streak must be on the way again!

lol. Forcing (technical industry lingo there Smiley) for mega streak is the way forward on certain machines. On other machines it's suicide. DONDs can and will happily take £200-£300 off you before caving for example. Though I do like the feeling of being that much into the machine and sweating buckets wondering if you're gonna get much of it back lol
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Ant040689
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« Reply #12 on: March 22, 2012, 10:27:02 AM »

I thought from the title, with your recent excursions, you were going to talk about the dangers of STD's.
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kinboshi
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« Reply #13 on: March 22, 2012, 04:32:45 PM »

20% tax on gambling machines.

No tax on gambling winnings AFAIK

Trying to work out if this fruit machine tax is a good thing or not!

There's currently a one off licensing fee. Trying to work out if this has been abolished. If so good news. If not then bad news Sad

Tell me more about your fruit machine fun Charlie boy ;-)

I am good at them and make quite a bit of money Smiley

Spoil sport

I love dem fruities but the only way I have ever known you can win consistently on them is too watch people who do not know what they are doing leave the machine at the wrong time. You then have to hop on. I assume you are implying you just have crazy skills well above this?

There is a bit of that. Nothing better than watching someone do their brains on a machine and jump on afterwards in certain spots.

There are then certain skills over and above that Smiley e.g. there's certain machines (not all - some machines suck) where if we were to both play it from the same starting point I would make more money because I knew the best strategy Smiley

You big tease.

My strategy these days is......

if it seems to be playing ram it full of money until i get mega streak......

then play a bit more just in case......

until i realise I best ram it full of more money because mega streak must be on the way again!

Thought your strategy was to play poker all weekend, win bugger all, play a bit on the slots and win some - then on the drive home stop at the services and bink the jackpot on the Holy Grail machine and get paid out in pound coins with a load of school kids watching on in awe?
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pleno1
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« Reply #14 on: March 22, 2012, 05:44:45 PM »

No. You shouldn't.

It's a tax on the gambling site's profits and it won't come into effect until December 2014 at the earliest.

As Barry Carter said on Twitter, fear not you do not need to join the real world.

Cheesy
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