The online gaming specialists at Super Casino have taken a further look into the news that popular internet gambling territory Gibraltar is currently in talks with UK government regarding UK POC Tax.
It has been reported in Casinomeister.com that dispute rumours circulating that the Gibraltan government was to take legal action against British government regarding the point of consumption tax, it now seems as though it is keen to work together with the government on a solution. It has been announced that talks are already underway with the UK treasury in relation to the issue.
Chief Minister Fabian Picardo explains that “Of course, although the Government of Gibraltar will not be in any way involved in legal action against Her Majesty’s Government of the United Kingdom, we keep a careful eye on what we are advised by those who advise the GBGA and the legal issues that may arise.”
Dedicated to pursuing the latest industry updates and developments, the team behind online casino Super Casino have been following the progression of this story with interest. A representative from the firm explains the implications of the POC tax for the industry.
“The point of consumption tax means that online betting companies serving customers in the UK will need to pay 15% tax on the gross profit they generate, regardless of where the company itself is based. Naturally this has had a big effect on the sector and we’re interested in reviewing what other changes it may bring.”
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