UK to Consider a 15% Tax on Gambling

Filed in archive Gambling and the Law on February 25, 2010

The UK Treasury are today considering a flat 15% tax on gambling institutions. A "hotchpotch regime" of taxation and regulation, it has been suggested, could be brought under control in the long run if tax was to be brought to a level standard in the country.

The current system was criticised thanks to its "over-use" of tax on walk-in casinos, where tax is paid and yet very little (in comparison to the rest of the industry) underage gambling takes place. Take a look at the ever-expanding offshore online businesses and how they avoid paying tax and you see how unfair and unbalanced this certainly is.

The industry in the UK went against the grain and grew in 2009. However, while overall revenue was up by 3.4% on 2008 to an amount of around £540 million, higher taxes have been blamed for the decrease in profits by 3.8% to the amount of £58 million.