No Change to an Individual’s Tax Liability on Winnings
It’s worth clarifying that these changes in no way affect the tax exemption for a player’s gambling winnings under the UK tax code.
They aren't going to tax poker winnings from the player, they are taxing the operators.
From this page : http://pokerfuse.com/news/law-and-r...consumption-tax-plans-for-online-poker-17-01/
they've been trying to do it for a while. Remember a story regarding William Hill and Ladbrokes because they operate out of Gibraltar they only used to pay something like 5% tax instead of UK Corporation tax which is where most of their clients are.
PS where did it say
No Change to an Individual’s Tax Liability on Winnings
It’s worth clarifying that these changes in no way affect the tax exemption for a player’s gambling winnings under the UK tax code.
Strange, not one comment from the UK contingent regarding the governments plan to tax poker winnings at a flat rate of 15% begining in 2014.
They aren't going to tax poker winnings from the player, they are taxing the operators.
From this page : http://pokerfuse.com/news/law-and-r...consumption-tax-plans-for-online-poker-17-01/
They aren't going to tax poker winnings from the player, they are taxing the operators.
My error, I meant to put profits not winnings.