Many fear new tax laws in Britain regarding poker will devastate

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

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:

Tags: ,



Leave a Reply

High Stakes News

Promotional News

10 reasons to play Poker at BetOnline in 2019
2019 seems to be the year poker players search for a new poker site to …
Read more

UK And EU Poker Players Should Check Out The New One Time Poker Website
Most poker players in the European Union and United Kingdom may not be …
Read more

Latest Ignition Poker tournaments
The good thing about Ignition poker tournaments is that you have the c …
Read more

Poker Night In America Debuts New Live Poker Show Featuring Celebrities
Poker Night in America is introducing a new poker show format on CBS, …
Read more