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The nice news for UK citizens is that you do not want to pay any tax on winnings from gambling. This covers all types of gambling, together with sports betting, bingo, lottery and on line casino video games. In 2001, the then Chancellor of the Exchequer, Gordon Brown announced that betting tax would be abolished. This meant that the tax for betting was no longer levied on punters, with a tax being charged on operators’ earnings instead.
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Another cause UK gambling websites are superior is the country’s gaming legal guidelines. While some international locations have unclear on-line gambling laws, the UK has made on-line gambling authorized. The online UK on line casino legal guidelines are ruled by the Gambling Commission, the same group that regulates conventional casinos.
Experts in the subject, nonetheless, are unanimous that the casino sector is unlikely to be affected by any adjustments associated to Brexit. They imagine that, because of their major position within the island’s economy, the British government is going to do its greatest to guard online casinos. 2005 Gambling Act The 2005 Gambling Act introduced the most important reforms that the UK on line casino trade has ever skilled. All authorized on-line casino sites had to implement a sequence of modifications to maintain their licence.
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