War over betting tax hots up as court bans advertising for offshore bookees
Advertising for offshore betting has been ruled illegal by the Court of Appeal in a victory a government campaign to protect domestic tax revenue.
Advertising for offshore betting has been ruled illegal by the Court of Appeal in a victory a government campaign to protect domestic tax revenue.
The verdict overturns an earlier High Court decision which allowed Victor Chandler, and other bookmakers, to advertise their offshore betting services on electronic media such as Teletext.
Financial secretary Stephen Timms said: ‘This means we can continue to protect both the betting industry against unfair competition and the financial health of the racing industries who rely on the levy collected from each bet.
‘Bookmakers rely on the industry to generate their profits, yet by moving offshore they can undermine the very industry they depend on. The government intends to continue protecting the betting industry from unfair competition.’
Victor Chandler International moved its operation to Gibraltar last year and attempted to target former UK customers by offering ‘tax-free’ telephone betting with 3% deductions, as opposed to the 9% charged by the UK bookmakers.
The company took Customs to court after Teletext and Skytext removed advertising. Chandler wanted to test whether a ban could be extended to electronic media.
The original hearing was in favour of Chandler. Teletext and Skytext have been carrying the company’s ads since.
William Hill threatens to abandon UK over betting tax
The numbers you crunch tell a story. Your expertis...
24yEmbracing user-friendly AP systems can turn the tide, streamlining workflows, enhancing compliance, and opening doors to early payment discounts. Read...
View articleOrganisations can enhance their financial operations' efficiency, accuracy, and responsiveness by adopting platforms that offer them self-service cust...
View articleIn a world of instant results and automated workloads, the potential for AP to drive insights and transform results is enormous. But, if you’re still ...
View resourceDiscover how AP dashboards can transform your business by enhancing efficiency and accuracy in tracking key metrics, as revealed by the latest insight...
View articleHMRC sees the profit or loss made on buying and selling of exchange tokens as within the charge to Capital Gains Tax (CGT). Read More...
View articleThe recent IR35 case involving former Liverpool footballer and Sky Sports presenter, Phil Thompson, has drawn attention to the complexities and implic...
View articleFrom January 1, 2024, HMRC will implement new tax rules affecting individuals who sell items on platforms like Etsy, Depop, and Vinted. The new regula...
View articleHMRC reveal a small majority of people are soldiering a significant proportion of income and capital gains tax, following FOI request. Data has reigni...
View articleSteven Pinhey, technical officer at the Association of Taxation Technicians (ATT), considers how the rules on deductible expenses work in a social med...
View articleATT technical officer, David Wright, considers the implications of HMRC’s decision to remove employees with income between £100,000 and £150,000 from ...
View articleThis was the fourth largest borrowing year since records began in 1993 Read More...
View articleATT technical officer, David Wright, provides an overview of the welcome relaxation to CGT provisions for separating couples looking to transfer asset...
View article