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Addressing Online Casino Taxes

UK online casino gambling companies likely feel as though their voices are finally being heard by the UK government and the UK Gambling Commission in particular. The Gambling Act of 2005 was a revolutionary piece of legislation that overhauled the way that the UK handled the legislation and regulations required to successfully run and manage a liberal internet gambling industry. The new liberalized market includes a lot of rewards for online casinos that meet tight regulatory restrictions and even more benefits from the UK licensed internet gambling companies in the way of fantastic advertising abilities. But it didn’t take long for the UK licensed internet gambling groups to get fed up with foreign competition that had the same advertising rights in the market.

The UK White List allows online casinos licensed out of certain jurisdictions with high standards the right to join the UK licensed gambling companies in advertising within the UK market. The internet gambling companies are livid though about the foreign competition from sites that have the same right to advertising opportunities but yet do not have to pay VAT and other high UK taxes. The current situation really makes it undesirable for online casino companies to actually base themselves out of the UK for this very reason.

The voices of the UK online casino have finally been heard and the government has announced that no new sites will be added to the White List until the government and the Commission have the time to review the Gambling Act and possibly change some of the elements to the Act as a way to give incentive to the UK listed internet gambling groups.