Online Casino and Bingo Operators in the UK to Pay Tax on Free Plays

online-gambling-graphic-75x75It appears that online bingo and casino operators in the United Kingdom will have to pay taxes on free spins which they use as a marketing tool. In a speech Chancellor George Osborne told media that as of August 2017 these operators must pay tax on free plays in order to bring them into line with online sports betting and racing departments which already pay tax on free bets according to the General Betting Duty. Online gambling operators are still feeling the pain of the POC tax and when the tax on free spins becomes law, it’s unlikely that they would offer free plays as they are currently offering. The implementation of the new tax changes costs approximately £20 million, but estimations reveal that tax revenue will reach £110 million in the next five years.

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