Key Takeaways
- The UK Treasury has confirmed that the new POC tax rate will be 15% of gross gaming revenue.
- In the draft bill attached to their response to the public consultation they provide the UKGC with powers to regulated how player funds are held.
- Costs of the new tax are expected to be ed on by lower marketing and promotional costs rather than through higher prices.
- Location verification requirements will be limited to using residential addresses.
The UK Treasury has published its response to a consultation on the planned “point of consumption” gambling tax expected to be introduced at the end of the year. v421i
It has also published the first draft of the new legislation. A final draft will be produced this year, followed by a last consultation process before being introduced.
