Gambling duties new rules
The introduction of changes to the basis of taxation for gambling duties from ‘place of supply’ to ‘place of consumption’ will come into effect from 1 December 2014.
The changes are relevant in respect of Remote Gaming Duty (RGD), General Betting Duty (GBD) and Pool Betting Duty (PBD).
- RGD applies to remote gambling, for example casinos and bingo played through the internet.
- GBD covers more general betting such as fixed-odds betting and pool bets on horse and dog racing.
- PBD applies to pool betting (other than on horse and dog racing) and non fixed-odds betting.
HMRC will publish full guidance on the changes in due course but the new rules will affect the remote gambling industry who offer remote betting and gaming to UK consumers from outside the UK and UK land based betting business such as high street betting shops. Land based gaming sector businesses such as casinos and bingo halls will not be affected by these new rules unless they offer remote betting or gaming.