Many fear new tax laws in Britain regarding poker will devastate

Posted by Gerry Poltorak on Jan 01, 2010 Posted in Legal Poker News | No Comments »

Post to Twitter

Noted poker player and writer for the Guardian newspaper, Victoria Coren, took an in depth look at the ramifications caused by the change to British tax laws governing poker.  According to Coren’s article, Britain taxes table games –roulette, craps, etc.—to the fullest, but previously considered poker a service and only charged a Value Added tax (VAT).

However all that changed when the Spring Budget was introduced, effectively putting poker alongside other table games. Unfortunately for poker players, casinos make very little on poker games, and they take up quite a bit of valuable space on the casino floor: The change could very well cause casinos to reconsider hosting poker games, or possibly force a hefty increase in the rake charged.

By changing the way poker games are taxed the British government will gain very little in overall revenue, and is seemingly crippling the brick & mortar poker business.

You can read Victoria Coren’s article from The Guardian here:

No related posts.

Tags: ,



Leave a Reply

Promotional News

logo-lockpoker 36% RakeBack at Lock Poker and Revolution Gaming
Poker players are starting to get an idea of what the new Revolution G …
Read more

logo-lockpoker Lock Poker revives Ronin Rake Chase promotion
In honor of their purchase of the Cake Poker Network, and their upcomi …
Read more

logo-lockpoker LockOps Tournament Series announced
Edit: We are sorry to announce that currently the LockOps has been can …
Read more

logo-lockpoker Exciting new promotion announced by Lock Poker
Playing online poker in April just got a whole lot better after the de …
Read more