Julie Butler Butler & Co discusses the Government's commitment to review the tax position of betting exchanges and their clients
The betting industry has been the focus of a lot of media Government and Inland Revenue attention of late.
The 2004 Budget included a commitment to review the tax position of the betting exchanges (intermediaries) and their clients. At the centre of discussions is the powerful draft Gambling Bill and recent review by the Joint Scrutiny Committee. The latter reported its findings to Parliament (the Department of Culture Media and Sport (DCMS)) earlier this year.
The Budget did mention under the section of 'Building a fairer society' the future taxation of gambling.
To read straight from HM Treasury's Budget Report 2004: 'Following consultation ...
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Julie Butler Butler & Co discusses the Government's commitment to review the tax position of betting exchanges and their clients
The betting industry has been the focus of a lot of media Government and Inland Revenue attention of late.
The 2004 Budget included a commitment to review the tax position of the betting exchanges (intermediaries) and their clients. At the centre of discussions is the powerful draft Gambling Bill and recent review by the Joint Scrutiny Committee. The latter reported its findings to Parliament (the Department of Culture Media and Sport (DCMS)) earlier this year.
The Budget did mention under the section of 'Building a fairer society' the future taxation of gambling.
To read straight from HM Treasury's Budget Report 2004: 'Following consultation ...
If you or your firm subscribes to Taxjournal.com, please click the login box below:
If you do not subscribe but are a registered user, please enter your details in the following boxes:
