UK Point of Consumption Tax Comes into Force UK Point of Consumption Tax Comes into Force
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Key Takeaways
  • The new UK point of consumption tax (POC) will be implemented from today, December 1.
  • The POC is levied at 15% of gross profits and is the second legislative element in the UK’s overhaul of gaming legislation this year.
  • The Remote Gaming Association (RGA) issued a statement saying that the new tax “marks a huge increase in the cost of doing business in the British market and it would not be a surprise to see operators reviewing their investment plans and marketing strategies.”

The new UK point of consumption tax (POC) will be implemented from today, December 1.

The POC is levied at 15% of gross profits and is the second legislative element in the UK’s overhaul of gaming legislation this year.

The key difference between the new POC and the existing Gaming Duty is that UK licensed operators are only required to pay the POC on revenues from their UK customers. Gaming Duty was levied on all revenues no matter where they were obtained.