UK
Gambling companies offering remote gambling to overseas customers are soon to
come under the ambit of the Double Taxation Relief. The measure will have effect
for accounting periods for UK gambling duties ending on or after 1 April 2012.
Double taxation relief (DTR) will be introduced in General Betting Duty
(GBD), Remote Gaming Duty (RGD) and Pool Betting Duty (PBD) to enhance the
competitiveness of the UK tax system by ensuring that UK based operators do not
suffer from double taxation as other countries introduce place of consumption
based taxation regimes for remote gambling.
By
encouraging gambling, the UK aims at luring the operators to remain in the UK so
that the double taxation relief protects both tax revenues and jobs in the UK.
This measure is expected to decrease receipts by approximately £20million per
annum. The final costing will be subject to scrutiny by the Office for Budget
Responsibility, and will be set out at Budget 2012.
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