Tag Archives: taxation

Paddy Power revenues hit €1bn before Betfair merger

Both Paddy Power and Betfair were achieving double digit growth ahead of their merger last month – Paddy Power had grown its revenues by 24% to €1.1bn in 2015, while Betfair’s final quarter as an independent company saw revenues increase by 21%. However both firms also had their figures blunted by taxation. Over 2015 Paddy Power’s operating profit increased 10% …

Read More »

Australian politician wants turnover tax on sportsbooks

An Australian politician is pushing to have the country’s gambling taxation laws overhauled, and has the sports betting industry in her sights. National Party senator for Victoria Bridget McKenzie is pushing the federal government to impose a new national gaming tax and effectively ban gambling with overseas operators using ‘banking and other tools’. McKenzie has made a formal submission to …

Read More »

GBGA challenge sees POC tax referred to EU courts

The European Court of Justice should be referred to on important issues concerning the legality of a tax imposed on overseas gambling operators, according to a judgment handed down by the High Court, which could have major implications for the UK’s point of consumption regime. Law firm Olswang has claimed that if the current tax framework is found to be …

Read More »

Point of Consumption legal challenge to be heard next week

The Judicial Review into the Point of Consumption licensing regime due to be implemented in the UK on 1 October will have a full hearing next week. The application for a review has come from the Gibraltar Betting and Gaming Association (GBGA) which has objected to the measures in the Gambling (Licensing and Advertising) Act 2014 and associated Gambling Commission …

Read More »

UK Law: Is the GBGA too late with its point of consumption legal challenge?

In a series of articles, David Clifton, director at licensing and gambling consultancy Clifton Davies, takes a look at the changes to the UK’s gambling licensing laws which are due to be in place by October. The big question is whether the GBGA is too late with its point of consumption legal challenge. Through its solicitors, in letters before action …

Read More »

Tabcorp CEO criticises online bookmakers

David Attenborough, CEO of TABCORP, has openly slammed online-only bookmakers in Australia over the relatively low rates of tax they pay, the minimal contributions they return to the racing industry, and their reliance on extending credit to their customers. Tabcorp is the major operator of retail TABs in New South Wales (NSW) and Victoria in Australia, and in these locations, …

Read More »

Gambling tax more complicated than ever

Barney Horn, indirect tax partner in the Deloitte betting and gaming group, has said that the Treasury has made gambling taxation more complicated than ever despite a trend for simplification. He explained: “Overall, while there has been much talk of simplifying taxes, the position has become increasingly complex with rates for seemingly similar gambling experiences being taxed at different rates. …

Read More »

RGA ire at Treasury ignorance on remote tax

The Remote Gambling Association (RGA) has restated its view that (i) a rate of 15% for the new point of consumption tax is too high; and (ii) the regime still does not appear to make allowances for bonuses and incentives. This heightens the risk that British licensees will lose significant market share to black market operators and that this will …

Read More »

POC needs to be ‘properly enforced’

Ladbrokes have called for ‘proper enforcement’ of the point of consumption (POC) licensing of online gaming when it is introduced in the UK later this year. The firm estimate that the new tax, despite being planned for December this year, will hit their 2014 revenues by £2m and they want to see some benefit for this expense. They said: “How …

Read More »