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new point of consumption tax in the uk

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Thordin
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Re: Pinnacle, SBO - GONE. WHAT NEXT?

Thu Sep 18, 2014 1:02 pm

ArbTrade wrote: (unless they start to use vpn and agents) ?
exactly they wont lose a single arber.
Professional bettors will go through agent as well.
Probably they did their math...
jigger11
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Re: Pinnacle, SBO - GONE. WHAT NEXT?

Thu Sep 18, 2014 4:55 pm

I agree most arbers will go through the agent , I am still using my pinny account but will ditch it after this weekend and use ac I am unsure how you use this vpn though! any advise ? I am based in uk but I am trying to get my dad to set up a a/c as he lives in Cyprus but hasn't got any utility bills ! but he is working on it for me, I have heard Pinny has applied for a uk licence.
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Re: Pinnacle, SBO - GONE. WHAT NEXT?

Thu Sep 18, 2014 5:10 pm

jigger11 wrote: I agree most arbers will go through the agent , I am still using my pinny account but will ditch it after this weekend and use ac I am unsure how you use this vpn though! any advise ? I am based in uk but I am trying to get my dad to set up a a/c as he lives in Cyprus but hasn't got any utility bills ! but he is working on it for me, I have heard Pinny has applied for a uk licence.
I believe uk details will be fine for registering at the agent
Mi_t_is
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Whats happening with pinn and SBO?

Fri Sep 19, 2014 9:13 am

hello, iam valuebetting on bwin and placing only one side of surebet... Iam searching for pinn-bwin or sbobet-bwin bets and placing it..

at the beginning of year i had about 8-9-10% profit till may. THen while summber break was on till now i have about 4% with pinnacle and 0-1% with sbobet

Is bwin getting sharper like bet365 or pinnacle getting softer? Do you have your winnings moving to pinnacle instead of soft books?
Or is it normal because leagues just start and bookmakers dont know where the value is?

I have about 4000 bets, last 4months so thats probably enough to say something about it.
Iam a confused...
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Re: Whats happening with pinn and SBO?

Fri Sep 19, 2014 9:30 am

The variance can be huge when value betting. You won't know anything for sure.
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Re: Whats happening with pinn and SBO?

Fri Sep 19, 2014 9:34 am

Value betting has its ups and downs, you are not even on minus so dont complain :)
4000 bets are not nearly enough to make a conclusion about bwin getting sharper.
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Re: Whats happening with pinn and SBO?

Fri Sep 19, 2014 10:16 am

my bwin account is limited to 20£ therefore i value bet on my account
Took it up 2k in the closed season/fixed match season.Since the beginning of August remained about the same
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Re: new point of consumption tax in the uk

Mon Sep 22, 2014 4:26 pm

You'll bounce back from it. Stay positive. :)
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Re: new point of consumption tax in the uk

Fri Sep 26, 2014 10:16 am

Just read that it has been postponed until 1st November due to a legal challenge from Gibraltar, wonder if Pinny will accept bets for another month?

http://www.flushdraw.net/news/uk-gambling-act-effective-date-moved-november-1/
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Re: new point of consumption tax in the uk

Fri Sep 26, 2014 11:05 am

Formaldehyde before amputation.
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Re: new point of consumption tax in the uk

Fri Sep 26, 2014 2:52 pm

I just received an e-mail from Pinnacle saying that they will continue operating in the UK untill Oct the 31st.
jigger11
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Re: new point of consumption tax in the uk

Fri Sep 26, 2014 4:58 pm

Just found this on the gambling commission site

Changes to regulation of remote gambling postponed until November
Changes to the way online and other remote gambling is regulated and licensed in Great Britain will not be brought into force until at least 1 November 2014, the government has confirmed.26 Sep 2014
Gambling E-commerce and the internet TMT & Sourcing Gambling Core Industries & Markets UK Europe
The new date on which the Gambling (Licensing and Advertising) Act is intended to be brought into force is a month later than the 1 October date on which the new framework was most recently scheduled to take effect.
The postponement has been caused by a legal challenge brought against the new regulatory framework being delivered by the Act and the associated changes to licensing conditions that have been formulated by the Gambling Commission.
A spokesperson for the Department for Culture, Media and Sport (DCMS) said: "We remain fully confident of our case, and of the significant benefits to consumer protection that the Act will bring. However to allow the judge to reach his judgement without undue time pressure we will be taking the necessary steps to postpone the Act coming into force for one month."
The legal challenge against the changes has been brought by the Gibraltar Betting and Gaming Association (GBGA). The GBGA represents a number of Gibraltar-based gambling operators that deliver remote gambling services to consumers in Great Britain.
Under the changes outlined in the Gambling (Licensing and Advertising) Act, businesses wishing to advertise or provide remote gambling services to consumers in Great Britain will be required to obtain a licence from the Gambling Commission to do so. The Gambling Commission has already implemented a range of changes to licensing conditions that remote gambling operators will have to adhere to under the new 'point of consumption' regime.
The GBGA has challenged the government's assertion that the changes in regulation will deliver benefits to consumers. It described the proposals as "illegitimate, disproportionate and discriminatory … and irrational" and said the plans were "designed for economic reasons: to grant UK operators a competitive advantage over those from overseas". It has said that the changes could even be detrimental to consumers in Great Britain if introduced.
Transitional arrangements for the move to the new POC framework have been in place since earlier this summer. Operators have been able to apply for a licence to operate under the new regime since the end of June but have been working on the basis that it would come into force on 1 October.
In light of the DCMS statement, the Gambling Commission has written to legal advisers to recommend that operators get in touch with it if they have any concerns about the implications of the month's postponement on their business.
Gambling law expert Susan Biddle of Pinsent Masons, the law firm behind Out-Law.com, assumed that the continuation licences which were to be granted on 1 October to those already licensed elsewhere in the EEA or white-listed countries who applied for new licences before the deadline of midnight on 16 September 2014, and the new licences to be granted to others whose application had been fully reviewed by the Commission by that date, would be deferred until 1 November instead, or from an even later date if implementation is further deferred.
The extension would give the Commission longer to consider the applications and so it might in fact be able to grant successful applicants definitive licences by the implementation date, without the need for interim continuation licences, she said.
Biddle said, though, that there remains a lack of clarity about what will ultimately happen to the application fees which were payable when the licence applications were submitted if the GBGA challenge is ultimately successful.
The Gambling Commission's reforms to the Licence Conditions and Codes of Practice (LCCP) affect all gambling operators. Most of the changes have been effective since 4 August 2014, but some of the new licensing requirements have yet to come into force.
Some changes that have yet to have effect are changes to the gambling software licensing regime. In April the Gambling Commission finalised plans to ensure that the manufacture, supply, installation and adaption of gambling software used by operators licensed by the Commission is only carried out by a provider that holds a gambling software licence it has issued. The regulator said, though, that it would not require "each and every business within an extended supply chain to hold a gambling software licence".
The gambling software licensing requirements were originally due to be implemented on 30 January next year but the Commission has now confirmed that they will not now take effect until 31 March 2015.
Separately to changes in remote gambling regulation and licensing, a general 15% tax rate is to apply on profits made by gambling operators on remote betting and gaming by players who usually live in the UK under the Finance Act which received Royal Assent in July. The tax will have to be accounted for by operators from 1 December 2014.
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Re: new point of consumption tax in the uk

Thu Oct 23, 2014 2:12 am

Hoppy
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Re: new point of consumption tax in the uk

Wed Oct 29, 2014 7:31 am

I'm about to open up an account with a bookmaker that says in T&C it's owned by a company in Costa Rica. It doesn't say anywhere it has a gambling licence and seem to not have one at all.

I just read that bookmakers in Costa Rica don't need a gambling licence.... !? I don't know if this is true? Any one here might know?
http://www.bookie.ch/gaming_jurisdictions.html

"Costa Rica has no laws, regulations, or legislation dealing with online gambling. The companies themselves are self-regulated and there is no licensing, testing or monitoring to ensure fair play."

So does this mean, if you have a company in Costa Rica, you can setup a bookmaker account, without a gambling licence, promote it to UK people and not have to pay the Point of Commission Tax?

I know an Ireland company already doing this, and promoting it heavily to UK people, who are new traders and have no clue about new Point of Consumption tax laws, and won't ask any questions.

I don't live in UK myself, but this business is built on UK people and might go bust if this setup will be ruined by the new Tax Law.

So my questions are:
-Is it possible for any bookmaker to go through Costa Rica and skip the bookie licence?
-Does that make it possible to dodge the Tax Law too?

An addition: I just read that if a Costa Rica bookmaker promotes to UK people they breach UK law. By "not promoting" could mean they would have to block UK ip addresses to see their bookie web page, but might not be enough. This kind of answers my second question. I have no idea how UK law would enforce the law on a Costa Rican bookmaker breaking the UK law though...
Last edited by Hoppy on Wed Oct 29, 2014 7:58 am, edited 1 time in total.

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