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UK Tax Policies Raising Concerns

The UK has massively liberalized its online casino gambling industry in the past several years; and although there are certainly some very positive aspects to the new legislation and regulations the taxation policies leave much to be desired. Many gambling venues – both at land and online casinos, are facing either astronomically high taxes on gambling revenues or the government’s policies cause double taxation. Double taxation is present in the UK land bingo industry and it is nearly forcing these companies out of business. William Hill is a land and online bookmaking company that is publicly petitioning the UK government to readdress the current gambling taxation laws.

William Hill is one of the two major land and internet bookies in the UK industry and like its largest competitors, Ladbrokes and Paddy Power, Will Hill has interests in the online casino gambling industry as well. Will Hill has really focused on the company’s expansion and penetration into the online casino gambling industry and the high UK taxes are hampering the company’s ability to truly expand and grow in the industry according to Ralph Topping, Will Hill’s CEO.

Government tax legislation right now has the online casinos paying 15 percent taxes on internet gambling revenues. This is a fairly high amount comparatively when looked at with an international perspective – particularly when companies like Will Hill and Ladbrokes are facing heavy competition from foreign internet gambling companies who are offering internet gambling services in the UK market as well. Topping asserted that the government should simply “think things through from all angles,” when considering the current tax legislation.