Foreign Operators Face UK Gambling LevyPublished May 6, 2009 by OCR Editor
Review to be conducted after UK gambling operators complain of inequality in taxation.
Foreign gambling operators advertising in the United Kingdom could be subject to special taxes in an attempt to level the playing field, the British government announced Thursday.
Gerry Sutcliffe, the country's minister for sport, said last Thursday that foreign gambling businesses "may face new requirements," although he did not specify what that might include.
The Department for Culture, Media and Sport has already announced that it will conduct a review with the UK Gambling Commission that will investigate contributions from operations licensed abroad, including Sportingbet - which is based in the British dependency of Alderney in the Channel Islands - and 888, which is headquartered in Gibraltar.
It would specifically look into whether those operators could contribute toward regulation costs, problem gambling treatment and the Horseracing Betting Levy.
The Financial Times reported this week that some British politicians and British-licensed bookmakers are looking to impose the new levy on companies based in jurisdictions such as Gibraltar, the Isle of Man, Malta and Antigua.
UK-based bookmakers last week agreed to a further year of contributions to the levy, which requires them to contribute 10 percent of their gross profits, worth around GBP 100 million.
The review is expected to be handed to the British parliament before the end of this year.