{"id":8243,"date":"2012-04-23T07:57:15","date_gmt":"2012-04-23T07:57:15","guid":{"rendered":"http:\/\/www.gaming-awards.com\/NEWS\/?p=8243"},"modified":"2012-04-23T07:57:15","modified_gmt":"2012-04-23T07:57:15","slug":"gibraltar-warns-uk-of-tax-plan","status":"publish","type":"post","link":"https:\/\/gaming-awards.com\/NEWS\/gibraltar-warns-uk-of-tax-plan\/","title":{"rendered":"Gibraltar warns UK of tax plan"},"content":{"rendered":"

\"\"<\/a>A BOLD warning has been issued to the UK Government about the UK consumption tax plan. The issue was raised at the recent KPMG eGaming Summit in Gibraltar. Britain is set to move forward with plans to impose a 15 per cent gaming tax which will affect UK on-line punters and gaming companies, no matter where they place their bets, the Treasury hopes to have arrangements in place by December 2014.<\/p>\n

Gibraltar Chronicle<\/em> reported: \u201cthe move will be counter-productive and, in the long run, more harmful to the UK than to the jurisdictions \u2013 such as Gibraltar, the Isle of Man and Malta – at which the measures are aimed.\u201d<\/p>\n

A series of gaming experts warned that the moves would damage Britain by opening the doors to an on-line unregulated black market in gambling similar to that which still operates in France. The Gaming Minister, Gilbert Licudi, who opened the Summit, claims the UK changes are unnecessary. He claims the UK market is already protected by Gibraltar’s strict licensing and supervision regime, which he claimed earlier this year is as high, or higher, than in the UK.<\/p>\n

In his speech he referred to how the UK could be affected in the future:<\/p>\n

\u201cThis is a political proposal and politicians, much as we\u00a0\u00a0minds.\u00a0That seems to be happening already on another\u00a0announcement made by the UK Chancellor at last\u00a0month’s budget – the proposal to cap tax relief on\u00a0donations to charity.<\/p>\n

David Cameron’s comments this week on this suggests\u00a0that the UK Government is prepared to listen.\u00a0We will make sure that our position on the proposed\u00a0gaming transaction tax is heard and taken into account.\u00a0We will make sure that they understand that what they\u00a0call a fairer system of taxation would operate with\u00a0disproportionate unfairness with regard to Gibraltar.<\/p>\n

It has also been suggested to us that one of the reasons\u00a0for the licensing and regulatory regime is the need to\u00a0protect UK customers.\u00a0Online gambling is a leisure activity that carries some\u00a0risks.\u00a0Some customers may exercise poor judgment and\u00a0control,\u00a0Some customers may seek to commit crimes against the\u00a0operators.\u201d<\/p>\n

 <\/p>\n","protected":false},"excerpt":{"rendered":"

A BOLD warning has been issued to the UK Government about the UK consumption tax plan. The issue was raised at the recent KPMG eGaming Summit in Gibraltar. Britain is set to move forward with plans to impose a 15 per cent gaming tax which will affect UK on-line punters and gaming companies, no matter where they place their bets, the Treasury hopes to have arrangements in place by December 2014.<\/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-8243","post","type-post","status-publish","format-standard","hentry","category-igaming","tag-featured","tag-gambling","tag-gaming-2","tag-online"],"yoast_head":"\nGibraltar warns UK of tax plan - 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\/gibraltar-warns-uk-of-tax-plan\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Gibraltar warns UK of tax plan - iGaming Post\" \/>\n<meta property=\"og:description\" content=\"A BOLD warning has been issued to the UK Government about the UK consumption tax plan. The issue was raised at the recent KPMG eGaming Summit in Gibraltar. 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