{"id":3960,"date":"2018-10-23T08:38:25","date_gmt":"2018-10-23T08:38:25","guid":{"rendered":"https:\/\/www.top10casinowebsites.net\/news\/?p=3960"},"modified":"2018-10-23T08:39:44","modified_gmt":"2018-10-23T08:39:44","slug":"uk-chancellor-to-increase-tax-for-offshore-gambling-operators","status":"publish","type":"post","link":"https:\/\/www.top10casinowebsites.net\/news\/uk-chancellor-to-increase-tax-for-offshore-gambling-operators\/","title":{"rendered":"UK Chancellor To Increase Tax For Offshore Gambling Operators"},"content":{"rendered":"<p><img decoding=\"async\" src=\"https:\/\/www.top10casinowebsites.net\/news\/wp-content\/uploads\/2018\/10\/philip-hammond.jpg\" alt=\"\" width=\"300\" class=\"alignright size-full wp-image-3962\" \/><a href=\"https:\/\/twitter.com\/PhilipHammondUK\">UK Chancellor Philip Hammond<\/a> has the offshore gambling industry on his radar as he plans for a tax increase later this month. This is a move that will not go down well with offshore gaming operators and will cause a lot of unrest in the online gambling industry in the UK.<\/p>\n<p>Hammond has planned on increasing the taxes paid by overseas remote-gaming operators who provide games like <strong>poker, roulette and <a href=\"https:\/\/www.top10casinowebsites.net\/blackjack\">blackjack<\/a><\/strong>. Government aides admitted that such move is expected to raise roughly \u00a31 billion over a five year period.<\/p>\n<p>The government\u2019s concentrated effort on cracking down <strong>fixed-odds betting terminals<\/strong> (FOBT\u2019s) stirred up massive controversy as high street bookmakers have stated that it would cut their revenue in half. The UK Government decided to proceed nevertheless and this will undoubtedly create a black hole in their budget; thus the money from the tax increase on offshore gambling operators can and should help fill the gap.<\/p>\n<p>Last summer, ministers announced their <a href=\"https:\/\/www.top10casinowebsites.net\/news\/uk-gambling-firms-set-to-profit-as-fixed-odds-betting-terminals-curbs-delayed-till-2020\/\">plans on cutting the maximum FOBT stake from \u00a3100 to \u00a32<\/a> in the hopes of dealing with the problem gambling following a long and heated discussion amongst legislators. These <strong>FOBT machines reportedly bring in over \u00a31.8 billion in revenue<\/strong> and the exchequer receives around \u00a3400 million in the form of taxes. That is a lot of money for the government and hence why a number of legislators opposed the dramatic cuts on FOBT odds.<\/p>\n<h2>Revenue-Raising Measures<\/h2>\n<p>The offshore gaming industry is prepared for Chancellor Hammond to lift their gaming duty from its present level of 15 percent of \u201c<em>gross gambling yield<\/em>\u201d to anywhere between 20 to 25 percent. Should this be the case, it will cause a major headache for the likes of William Hill and Ladbrokes.<\/p>\n<p>The two operators who have a major presence in the UK will be hit by the FOBT cuts. Should the tax on offshore gambling operators be increase, both Ladbrokes and William Hill will take a hit since their online gambling operators are based out of <strong>Gibraltar<\/strong>. <\/p>\n<p>Philip Hammond is expected to announce an assortment of revenue-raising measures on October 29, as he pursues to show a Budget that will help end years of austerity. The UK government is also set to introduce a multi-million pound advertising campaign aimed at promoting responsible gambling. <a href=\"https:\/\/www.gov.uk\/government\/organisations\/public-health-england\">Public Health England<\/a> will also launch a study to check out the impact that gambling is having on public health. The <strong>Gambling Commission<\/strong> has also push for stringent measures to be imposed on online gambling operators including stronger age-verification rules.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>UK Chancellor Philip Hammond has the offshore gambling industry on his radar as he plans for a tax increase later this month. This is a move that will not go down well with offshore gaming operators and will cause a lot of unrest in the online gambling industry in the UK. Hammond has planned on [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11,9],"tags":[],"class_list":["post-3960","post","type-post","status-publish","format-standard","hentry","category-legislation","category-uk"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v25.5 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>UK Chancellor To Increase Tax For Offshore Gambling Operators<\/title>\n<meta name=\"description\" content=\"UK Chancellor Philip Hammond has the offshore gambling industry on his radar as he plans for a tax increase later this month.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.top10casinowebsites.net\/news\/uk-chancellor-to-increase-tax-for-offshore-gambling-operators\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"UK Chancellor To Increase Tax For Offshore Gambling Operators\" \/>\n<meta property=\"og:description\" content=\"UK Chancellor Philip Hammond has the offshore gambling industry on his radar as he plans for a tax increase later this month.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.top10casinowebsites.net\/news\/uk-chancellor-to-increase-tax-for-offshore-gambling-operators\/\" \/>\n<meta property=\"og:site_name\" content=\"Top 10 Casino Websites\" \/>\n<meta property=\"article:published_time\" content=\"2018-10-23T08:38:25+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2018-10-23T08:39:44+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.top10casinowebsites.net\/news\/wp-content\/uploads\/2018\/10\/philip-hammond.jpg\" \/>\n<meta name=\"author\" content=\"Carolyn Dutton\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Carolyn Dutton\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.top10casinowebsites.net\/news\/uk-chancellor-to-increase-tax-for-offshore-gambling-operators\/\",\"url\":\"https:\/\/www.top10casinowebsites.net\/news\/uk-chancellor-to-increase-tax-for-offshore-gambling-operators\/\",\"name\":\"UK Chancellor To Increase Tax For Offshore Gambling Operators\",\"isPartOf\":{\"@id\":\"https:\/\/www.top10casinowebsites.net\/news\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.top10casinowebsites.net\/news\/uk-chancellor-to-increase-tax-for-offshore-gambling-operators\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.top10casinowebsites.net\/news\/uk-chancellor-to-increase-tax-for-offshore-gambling-operators\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.top10casinowebsites.net\/news\/wp-content\/uploads\/2018\/10\/philip-hammond.jpg\",\"datePublished\":\"2018-10-23T08:38:25+00:00\",\"dateModified\":\"2018-10-23T08:39:44+00:00\",\"author\":{\"@id\":\"https:\/\/www.top10casinowebsites.net\/news\/#\/schema\/person\/e3d883f1cadadbf981f347183b068922\"},\"description\":\"UK Chancellor Philip Hammond has the offshore gambling industry on his radar as he plans for a tax increase later this month.\",\"breadcrumb\":{\"@id\":\"https:\/\/www.top10casinowebsites.net\/news\/uk-chancellor-to-increase-tax-for-offshore-gambling-operators\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.top10casinowebsites.net\/news\/uk-chancellor-to-increase-tax-for-offshore-gambling-operators\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.top10casinowebsites.net\/news\/uk-chancellor-to-increase-tax-for-offshore-gambling-operators\/#primaryimage\",\"url\":\"https:\/\/www.top10casinowebsites.net\/news\/wp-content\/uploads\/2018\/10\/philip-hammond.jpg\",\"contentUrl\":\"https:\/\/www.top10casinowebsites.net\/news\/wp-content\/uploads\/2018\/10\/philip-hammond.jpg\",\"width\":380,\"height\":250},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.top10casinowebsites.net\/news\/uk-chancellor-to-increase-tax-for-offshore-gambling-operators\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.top10casinowebsites.net\/news\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"UK Chancellor To Increase Tax For Offshore Gambling Operators\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.top10casinowebsites.net\/news\/#website\",\"url\":\"https:\/\/www.top10casinowebsites.net\/news\/\",\"name\":\"Top 10 Casino Websites\",\"description\":\"\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.top10casinowebsites.net\/news\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.top10casinowebsites.net\/news\/#\/schema\/person\/e3d883f1cadadbf981f347183b068922\",\"name\":\"Carolyn Dutton\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.top10casinowebsites.net\/news\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/www.top10casinowebsites.net\/news\/wp-content\/uploads\/2018\/08\/carolyn-dutton.jpg\",\"contentUrl\":\"https:\/\/www.top10casinowebsites.net\/news\/wp-content\/uploads\/2018\/08\/carolyn-dutton.jpg\",\"caption\":\"Carolyn Dutton\"},\"description\":\"Carolyn is our legislation expert, with a background in law she is able to cover the current state of gambling around the world\",\"url\":\"https:\/\/www.top10casinowebsites.net\/news\/author\/carolyn\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"UK Chancellor To Increase Tax For Offshore Gambling Operators","description":"UK Chancellor Philip Hammond has the offshore gambling industry on his radar as he plans for a tax increase later this month.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.top10casinowebsites.net\/news\/uk-chancellor-to-increase-tax-for-offshore-gambling-operators\/","og_locale":"en_US","og_type":"article","og_title":"UK Chancellor To Increase Tax For Offshore Gambling Operators","og_description":"UK Chancellor Philip Hammond has the offshore gambling industry on his radar as he plans for a tax increase later this month.","og_url":"https:\/\/www.top10casinowebsites.net\/news\/uk-chancellor-to-increase-tax-for-offshore-gambling-operators\/","og_site_name":"Top 10 Casino Websites","article_published_time":"2018-10-23T08:38:25+00:00","article_modified_time":"2018-10-23T08:39:44+00:00","og_image":[{"url":"https:\/\/www.top10casinowebsites.net\/news\/wp-content\/uploads\/2018\/10\/philip-hammond.jpg","type":"","width":"","height":""}],"author":"Carolyn Dutton","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Carolyn Dutton","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/www.top10casinowebsites.net\/news\/uk-chancellor-to-increase-tax-for-offshore-gambling-operators\/","url":"https:\/\/www.top10casinowebsites.net\/news\/uk-chancellor-to-increase-tax-for-offshore-gambling-operators\/","name":"UK Chancellor To Increase Tax For Offshore Gambling Operators","isPartOf":{"@id":"https:\/\/www.top10casinowebsites.net\/news\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.top10casinowebsites.net\/news\/uk-chancellor-to-increase-tax-for-offshore-gambling-operators\/#primaryimage"},"image":{"@id":"https:\/\/www.top10casinowebsites.net\/news\/uk-chancellor-to-increase-tax-for-offshore-gambling-operators\/#primaryimage"},"thumbnailUrl":"https:\/\/www.top10casinowebsites.net\/news\/wp-content\/uploads\/2018\/10\/philip-hammond.jpg","datePublished":"2018-10-23T08:38:25+00:00","dateModified":"2018-10-23T08:39:44+00:00","author":{"@id":"https:\/\/www.top10casinowebsites.net\/news\/#\/schema\/person\/e3d883f1cadadbf981f347183b068922"},"description":"UK Chancellor Philip Hammond has the offshore gambling industry on his radar as he plans for a tax increase later this month.","breadcrumb":{"@id":"https:\/\/www.top10casinowebsites.net\/news\/uk-chancellor-to-increase-tax-for-offshore-gambling-operators\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.top10casinowebsites.net\/news\/uk-chancellor-to-increase-tax-for-offshore-gambling-operators\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.top10casinowebsites.net\/news\/uk-chancellor-to-increase-tax-for-offshore-gambling-operators\/#primaryimage","url":"https:\/\/www.top10casinowebsites.net\/news\/wp-content\/uploads\/2018\/10\/philip-hammond.jpg","contentUrl":"https:\/\/www.top10casinowebsites.net\/news\/wp-content\/uploads\/2018\/10\/philip-hammond.jpg","width":380,"height":250},{"@type":"BreadcrumbList","@id":"https:\/\/www.top10casinowebsites.net\/news\/uk-chancellor-to-increase-tax-for-offshore-gambling-operators\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.top10casinowebsites.net\/news\/"},{"@type":"ListItem","position":2,"name":"UK Chancellor To Increase Tax For Offshore Gambling Operators"}]},{"@type":"WebSite","@id":"https:\/\/www.top10casinowebsites.net\/news\/#website","url":"https:\/\/www.top10casinowebsites.net\/news\/","name":"Top 10 Casino Websites","description":"","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.top10casinowebsites.net\/news\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.top10casinowebsites.net\/news\/#\/schema\/person\/e3d883f1cadadbf981f347183b068922","name":"Carolyn Dutton","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.top10casinowebsites.net\/news\/#\/schema\/person\/image\/","url":"https:\/\/www.top10casinowebsites.net\/news\/wp-content\/uploads\/2018\/08\/carolyn-dutton.jpg","contentUrl":"https:\/\/www.top10casinowebsites.net\/news\/wp-content\/uploads\/2018\/08\/carolyn-dutton.jpg","caption":"Carolyn Dutton"},"description":"Carolyn is our legislation expert, with a background in law she is able to cover the current state of gambling around the world","url":"https:\/\/www.top10casinowebsites.net\/news\/author\/carolyn\/"}]}},"_links":{"self":[{"href":"https:\/\/www.top10casinowebsites.net\/news\/wp-json\/wp\/v2\/posts\/3960","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.top10casinowebsites.net\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.top10casinowebsites.net\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.top10casinowebsites.net\/news\/wp-json\/wp\/v2\/users\/5"}],"replies":[{"embeddable":true,"href":"https:\/\/www.top10casinowebsites.net\/news\/wp-json\/wp\/v2\/comments?post=3960"}],"version-history":[{"count":0,"href":"https:\/\/www.top10casinowebsites.net\/news\/wp-json\/wp\/v2\/posts\/3960\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.top10casinowebsites.net\/news\/wp-json\/wp\/v2\/media?parent=3960"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.top10casinowebsites.net\/news\/wp-json\/wp\/v2\/categories?post=3960"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.top10casinowebsites.net\/news\/wp-json\/wp\/v2\/tags?post=3960"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}