UK Gambling Tax Laws Place Consumption over Location

UK Gambling Tax Laws Place Consumption over Location

Posted by: on Aug 28, 2013 | No Comments

The UK Gambling Commission estimates the UK remote gambling market at £2 billion per year. Since most of online gaming operations are based in tax havens such as Gibraltar, the current remote gambling duty, which is taxed at 15% of gross profits, witnesses most tax-based returns to the UK going into outside coffers.