UK considers tax on freeplay gambling
After a consultation made by the local authorities last year, the Treasury announced plans to charge remote gaming duty (RGD).
The measure was included in the original Finance Bill 2017, then dropped, and is now set to be enacted with effect from 1 August in the revised legislation, according to local media.
RGD applies to gaming over the internet, telephone, by television, radio or other electronic communications. Under the new rules, freeplays that are staked by a customer will, in certain circumstances, have a value for the purpose of calculating an operator’s remote gaming profits.
These changes will also mean that freeplays given out by an operator cannot be treated as prizes and will have no value for the purposes of calculating profits.
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