UK place of consumption (POC) tax on online gaming.

[mondatoo]

What will probably happen is that the VIP rewards/rakeback will get cut back as it has done in Denmark, Estonia etc. To cover the extra taxes the companies are paying.

If we have to play on Stars.uk and not allowed on .com uk sng grinders are screwed as there'll be no traffic ?

[Longy]

What will probably happen is that the VIP rewards/rakeback will get cut back as it has done in Denmark, Estonia etc. To cover the extra taxes the companies are paying.

If we have to play on Stars.uk and not allowed on .com uk sng grinders are screwed as there'll be no traffic ?

No

As I understand it we will be part of the global pool, just enter through .co.uk. This is already happening in many places around Europe especially Northern europe.

[buffyslayer1]

What will probably happen is that the VIP rewards/rakeback will get cut back as it has done in Denmark, Estonia etc. To cover the extra taxes the companies are paying.

If we have to play on Stars.uk and not allowed on .com uk sng grinders are screwed as there'll be no traffic ?

it will be like stars.eu/.be etc etc same player pool as the rest of stars different client

[marcro]

Sounds like this could make things difficult for those relying on rake back?

[gouty]

This has nothing to do with poker. It's about getting UK punters who are punting on horses or football or whatever to pay tax on a bet.

And so they should.

Poker players pay a shit load through rake. And I mean massive tax. Yet they punt like fuck offshore or with bf and think they are clever?

[Doobs]

Whoosh. Will it affect me? If so, when?

I think actually the game will be up for stars.fr - stars will need a uk license and have to pay uk gaming duty on your play, so they won't be keen paying the french tax as well.

?

If a UK player who currently plays on .fr switches to play on the .uk site then Stars won't be paying French tax on their play.

At the moment I can play on .fr.  When this all comes into force the uk govt will want a % of my rake whatever site I play on.  So if I play on .fr they will want their cut and the french will want their cut as well.



I see how i made that confusing - it was a specific response to cambridgealex who plays on .fr  I should have said the games up for uk ppl playing on .fr

You sure?  We have a double taxation agreement with France.

[gouty]

I just cannot believe how you guys don't get this fundamental point about gambling in the UK?

It's tax free. For the punter. Poker player. Card counter. Or any other + or - EV gambler.

You all pay your taxes through rake or casino drop taxes and you don't say a word even though UK poker rake is probably at least 3x what we pay in Vegas.

So why can a punter bet in the UK with an off shore layer which is not paying 15%  gross profits tax to hmrc  as UK layers are?

It's the same as the Starbucks bullshit.

I suppose globalisation has arrived. But I can assure you you are being taxed to the hilt. It's just that the gaming providers are paying it on your behalf.

[redarmi]

This has nothing to do with poker. It's about getting UK punters who are punting on horses or football or whatever to pay tax on a bet.

And so they should.

Poker players pay a shit load through rake. And I mean massive tax. Yet they punt like fuck offshore or with bf and think they are clever?

What?!?  Punters will not be paying tax on a bet at all.  The operators will be paying a tax on their profits from uk punters which is totally different and fwiw bf already pay tax and it is unlikely to affect their exchange at all.

[doubleup]

Whoosh. Will it affect me? If so, when?

I think actually the game will be up for stars.fr - stars will need a uk license and have to pay uk gaming duty on your play, so they won't be keen paying the french tax as well.

?

If a UK player who currently plays on .fr switches to play on the .uk site then Stars won't be paying French tax on their play.

At the moment I can play on .fr.  When this all comes into force the uk govt will want a % of my rake whatever site I play on.  So if I play on .fr they will want their cut and the french will want their cut as well.



I see how i made that confusing - it was a specific response to cambridgealex who plays on .fr  I should have said the games up for uk ppl playing on .fr

You sure?  We have a double taxation agreement with France.

Doubt this would apply to gaming duty and stars are an IoM company anyway.

The govt actually introduced special double taxation relief in the 2012 budget for UK licensed companies on profits from other countries and this will be end when this new tax starts.  Incidentally there is no tax payable on profits from by non-uk customers under the new regime.

[vegaslover]

I just cannot believe how you guys don't get this fundamental point about gambling in the UK?

It's tax free. For the punter. Poker player. Card counter. Or any other + or - EV gambler.

You all pay your taxes through rake or casino drop taxes and you don't say a word even though UK poker rake is probably at least 3x what we pay in Vegas.

So why can a punter bet in the UK with an off shore layer which is not paying 15%  gross profits tax to hmrc  as UK layers are?

It's the same as the Starbucks bullshit.

I suppose globalisation has arrived. But I can assure you you are being taxed to the hilt. It's just that the gaming providers are paying it on your behalf.

Seriously? like wtf???
Punters in UK pay plenty of tax, just not directly. This is reflected in poorer odds, worse book for punters in % terms etc. No different to reduced rakeback etc at the end of the day.

Punters, just like poker players (and it's all gambling) will pretty much never pay tax up front on earnings, wayyyyy to many losers, tax write offs etc to ever make it beneficial for the Govt.