{"id":7845,"date":"2012-04-12T11:56:46","date_gmt":"2012-04-12T11:56:46","guid":{"rendered":"http:\/\/www.gaming-awards.com\/NEWS\/?p=7845"},"modified":"2012-04-12T11:56:46","modified_gmt":"2012-04-12T11:56:46","slug":"point-of-consumption-tax-debate-opened","status":"publish","type":"post","link":"https:\/\/gaming-awards.com\/NEWS\/point-of-consumption-tax-debate-opened\/","title":{"rendered":"Point of consumption tax debate opened"},"content":{"rendered":"<p><a href=\"https:\/\/gaming-awards.com\/NEWS\/archives\/7845\/point-of-consumption-tax-debate-opened\" rel=\"attachment wp-att-7846\"><img loading=\"lazy\" decoding=\"async\" class=\"alignright size-medium wp-image-7846\" title=\"Point of consumption tax debate opened\" src=\"https:\/\/gaming-awards.com\/NEWS\/wp-content\/uploads\/2012\/04\/Point-of-consumption-tax-debate-opened-300x193.jpg\" alt=\"\" width=\"300\" height=\"193\" \/><\/a>THE next stage of the point-of-consumption tax is being discussed by the Government on online bets placed by UK-based punters, wherever the operator is located.<\/p>\n<p>\u00a0The Treasury\u2019s consultation period, which ends on June 28, asks for feedback to its published document from <em>\u201call stakeholders including operators, gambling software suppliers, advertisers of remote gambling services, trade bodies and all other stakeholders who have an interest in remote gambling taxation.\u201d<\/em><\/p>\n<p>\u00a0Earlier, economic secretary Chloe Smith, upset major bookmakers with her assertion that the new amusement machines duty would be revenue neutral.<\/p>\n<p>\u00a0Smith has restated the government\u2019s intention to capture duty on a gross-profits basis from offshore online betting, by claiming that \u201cthe current remote gambling taxation regime is no longer appropriate and requires modernisation.\u201d<\/p>\n<p>\u00a0She pointed out: \u201cOnly approximately ten per cent of remote gambling carried out by customers in the UK is subject to UK gambling duties. Under a place of consumption basis of taxation, an operator will pay tax on gross gambling profits generated from customers in the UK, no matter where in the world the operator itself is located.\u201d<\/p>\n<p>\u00a0Smith added: \u201cA place of consumption basis of taxation for remote gambling will level the playing field, providing a fairer basis for competition between remote gambling supplied from the UK and overseas.<\/p>\n<p>\u00a0\u201cAs profits from non-UK customers will be excluded from the scope of tax, the reform will also enhance the competitiveness of the UK tax system, removing a disincentive for remote gambling businesses to locate in the UK and helping retain existing operators.<\/p>\n<p>\u00a0\u201cThe reformed remote gambling tax regime will also improve the sustainability of the UK\u2019s tax base by ensuring that remote gambling, alongside other gambling products, makes a fair contribution to public finances.<\/p>\n<p>\u00a0\u201cA place of consumption basis of taxation will bring additional public revenues from operators based abroad who supply remote gambling to the UK.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"<p>THE next stage of the point-of-consumption tax is being discussed by the Government on online bets placed by UK-based punters, wherever the operator is located.  The Treasury\u2019s consultation period, which ends on June 28, asks for feedback to its published document from \u201call stakeholders including operators, gambling software suppliers, advertisers of remote gambling services, trade bodies and all other stakeholders who have an interest in remote gambling taxation.\u201d<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3],"tags":[9,17,23,19],"class_list":["post-7845","post","type-post","status-publish","format-standard","hentry","category-igaming","tag-featured","tag-gambling","tag-gaming-2","tag-online"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.3 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Point of consumption tax debate opened - iGaming Post<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/gaming-awards.com\/NEWS\/point-of-consumption-tax-debate-opened\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Point of consumption tax debate opened - iGaming Post\" \/>\n<meta property=\"og:description\" content=\"THE next stage of the point-of-consumption tax is being discussed by the Government on online bets placed by UK-based punters, wherever the operator is located. The Treasury\u2019s consultation period, which ends on June 28, asks for feedback to its published document from \u201call stakeholders including operators, gambling software suppliers, advertisers of remote gambling services, trade bodies and all other stakeholders who have an interest in remote gambling taxation.\u201d\" \/>\n<meta property=\"og:url\" content=\"https:\/\/gaming-awards.com\/NEWS\/point-of-consumption-tax-debate-opened\/\" \/>\n<meta property=\"og:site_name\" content=\"iGaming Post\" \/>\n<meta property=\"article:published_time\" content=\"2012-04-12T11:56:46+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/gaming-awards.com\/NEWS\/wp-content\/uploads\/2012\/04\/Point-of-consumption-tax-debate-opened-300x193.jpg\" \/>\n<meta name=\"author\" content=\"Staff\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@igamingpost\" \/>\n<meta name=\"twitter:site\" content=\"@igamingpost\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Staff\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/gaming-awards.com\\\/NEWS\\\/point-of-consumption-tax-debate-opened\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/gaming-awards.com\\\/NEWS\\\/point-of-consumption-tax-debate-opened\\\/\"},\"author\":{\"name\":\"Staff\",\"@id\":\"https:\\\/\\\/gaming-awards.com\\\/NEWS\\\/#\\\/schema\\\/person\\\/38b848f26341d94a3f6b1f5d9642234c\"},\"headline\":\"Point of consumption tax debate opened\",\"datePublished\":\"2012-04-12T11:56:46+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/gaming-awards.com\\\/NEWS\\\/point-of-consumption-tax-debate-opened\\\/\"},\"wordCount\":317,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\\\/\\\/gaming-awards.com\\\/NEWS\\\/#organization\"},\"image\":{\"@id\":\"https:\\\/\\\/gaming-awards.com\\\/NEWS\\\/point-of-consumption-tax-debate-opened\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/gaming-awards.com\\\/NEWS\\\/wp-content\\\/uploads\\\/2012\\\/04\\\/Point-of-consumption-tax-debate-opened-300x193.jpg\",\"keywords\":[\"featured\",\"gambling\",\"gaming\",\"online\"],\"articleSection\":[\"iGaming\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/gaming-awards.com\\\/NEWS\\\/point-of-consumption-tax-debate-opened\\\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/gaming-awards.com\\\/NEWS\\\/point-of-consumption-tax-debate-opened\\\/\",\"url\":\"https:\\\/\\\/gaming-awards.com\\\/NEWS\\\/point-of-consumption-tax-debate-opened\\\/\",\"name\":\"Point of consumption tax debate opened - 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