England may become whole to a whole new set of gambling laws soon, if last week’s online gambling bill is anything to go by.
The United Kingdom parliament sat on 9 May to consider the latest amendment to online casino law in Britain, that all online casinos must have licensing and pay a ‘POC tax’ – Point of Consumption tax.
The Gambling Bill For Point of Consumption Tax, as the proposed bill is known, passed parliamentary review the same day and looks all set to become law. This means that the bill has officially been introduced to the UK parliament to undergo legislative procedure before being adopted.
The bill, should it officially become legal, will radically change the online gambling landscape of Britain. The fact that all online gambling forums, which include online casinos, online sports booking and telephone-betting companies, must be licensed will surely cut down on fraud and malpractice by illegitimate online betting operators, hence raising the standard for UK online casinos dramatically. The fact that gambling companies must be licensed with the United Kingdom will also cut down on offshore betting businesses, hence boosting local employment and trade.
The Gambling Bill For Point of Consumption Tax was first proposed by the DCMS – the Department of Media and Sport.
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