Find out about the Gambling Tax Reform changes, how they will affect you and what you should do if you need to register.
Overview
The rules for General Betting Duty (GBD), Pool Betting Duty (PBD), and Remote Gaming Duty (RGD) are changing from 1 December 2014.
This guide gives details of the key changes and what you will need to do if the changes affect your business.
If you’re a gambling operator you should make sure that everyone in your organisation who needs to know about the changes is kept informed. You’ll also need to review your in-house systems and procedures accordingly.
The new rules will affect:
the remote gambling industry who offer remote betting and gaming to UK consumers from outside the UK
UK land based betting business such as high street betting shops
Land based gaming sector businesses such as casinos and bingo halls will not be affected by these new rules unless they offer remote betting or gaming.
Premises based betting and the treatment of spread betting will be unaffected except for some administrative changes.
You can use the Gambling Tax Service (GTS) online registration system to register for General Betting Duty, Pool Betting Duty and Remote Gaming Duty gambling taxes.
The changes from 1 December 2014
Gambling activities are currently taxed on a ‘place of supply’ basis. This means that if you’re supplying gambling from the UK, you pay tax on all your gross gambling profits. Operators supplying UK customers from outside the UK pay no UK gambling taxes.
From 1 December 2014 HMRC is changing how these duties are taxed from ‘place of supply’ to ‘place of consumption’. This means that you’ll become liable to 1 or more of the taxes (GBD, PBD or RGD), if you offer remote gambling to a person who usually lives in the UK. This applies no matter where in the world you’re based.
If you supply remote gambling to UK customers from outside the UK you’ll become liable to a UK gambling tax for the first time and GBD, PBD or RGD will become payable. UK based operators who supply remote gambling to customers who do not usually live in the UK will no longer be liable to GBD, PBD or RGD on those transactions.
For more info on this , please see : https://www.gov.uk/gambling-tax-reform-new-rules-from-1-december-2014
Overview
The rules for General Betting Duty (GBD), Pool Betting Duty (PBD), and Remote Gaming Duty (RGD) are changing from 1 December 2014.
This guide gives details of the key changes and what you will need to do if the changes affect your business.
If you’re a gambling operator you should make sure that everyone in your organisation who needs to know about the changes is kept informed. You’ll also need to review your in-house systems and procedures accordingly.
The new rules will affect:
the remote gambling industry who offer remote betting and gaming to UK consumers from outside the UK
UK land based betting business such as high street betting shops
Land based gaming sector businesses such as casinos and bingo halls will not be affected by these new rules unless they offer remote betting or gaming.
Premises based betting and the treatment of spread betting will be unaffected except for some administrative changes.
You can use the Gambling Tax Service (GTS) online registration system to register for General Betting Duty, Pool Betting Duty and Remote Gaming Duty gambling taxes.
The changes from 1 December 2014
Gambling activities are currently taxed on a ‘place of supply’ basis. This means that if you’re supplying gambling from the UK, you pay tax on all your gross gambling profits. Operators supplying UK customers from outside the UK pay no UK gambling taxes.
From 1 December 2014 HMRC is changing how these duties are taxed from ‘place of supply’ to ‘place of consumption’. This means that you’ll become liable to 1 or more of the taxes (GBD, PBD or RGD), if you offer remote gambling to a person who usually lives in the UK. This applies no matter where in the world you’re based.
If you supply remote gambling to UK customers from outside the UK you’ll become liable to a UK gambling tax for the first time and GBD, PBD or RGD will become payable. UK based operators who supply remote gambling to customers who do not usually live in the UK will no longer be liable to GBD, PBD or RGD on those transactions.
For more info on this , please see : https://www.gov.uk/gambling-tax-reform-new-rules-from-1-december-2014
