Feb 28 2007
Online Poker Exemption in UK
Offshore online poker rooms might be tempted to establish a UK presence by applying for a UK gaming license thanks to UK Chancellor of the Exchequer, Gordon Brown. Brown introduced a plan to entice these companies by not requiring them to relocate to the UK and be subject to the British Value Added Tax (VAT), which could make it cost prohibitive to do so. In return for a 2% or 3% fee, known as “Remote Gaming Duty”, these companies will have the advantage of the UK license but will remain on their offshore sites for tax reasons.Related Articles:US DOJ wages poker war on UK banksUK poker regulation welcomed by Ladbrokes Poker…
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