The UK government will during the upcoming days decide if the UK Gambling Commission will be merged with the National Lottery Commission. The Government intends to merge the two institutions in order to cut governmental expenses.Last year the UK Parliament adopted a resolution that aims to decrease the costs associated with running various state-run bodies. One of the bodies affected by this law is the UK Gambling Commission. In order to cut expenses, the government has announced about three months ago that it considers merging the Gambling Commission with the Lottery Commission.
For this purpose, the government has requested interested parties to submit their feedback regarding this topic. The deadline for submitting feedback will expire tomorrow and as such it's expected that the government will take a decision regarding the subject during the upcoming days.
While the government is determined to merge the two institutions, various Members of Parliament disagree with this move. Several MPs have recently voiced their opinion that the UK Gambling Commission is an "overly expensive, bureaucratic regulator" and as such the merger of these two bodies would not be a good idea since it would only strengthen the attributes and influence of the Gambling Commission.
The merger of the Gambling Commission with the Lottery commission will also have a great impact on the online gambling taxation system of the United Kingdom. The Commission, along with the government, has explained throughout 2012 that it intends to adopt a new online gambling taxation system in the country.
The new taxation system would intend to impose a tax on online gambling operators based on the point of consumption of the offered services. As such, operators that are located in so-called while listed jurisdictions such as Gibraltar and the Isle of Man would also be subjected to the high UK online gambling taxes.
MPs criticizing the Gambling Commission have also expressed their disagreement with this plan. They believe that due to the very high online gambling taxes in the UK, offshore operators might be determined to even completely abandon the market, or worse, operate outside of the law without any license and without paying any taxes.
Pro online gambling politicians believe that a more efficient way of generating tax revenue from online gambling would be to considerably reduce the online gambling taxes in the country. This would determine many offshore gambling companies to establish a presence in the United Kingdom and apply for a license issued by the Gambling Commission.
At this moment even traditional UK gambling companies such as William Hill Plc. and Betfair have relocated their online operations to offshore jurisdictions such as Gibraltar in order to escape the extremely large online gambling taxes of the country. According to UK laws, these companies are still allowed to provide online gambling services to UK players.
Tags: UK Gambling Commission, UK Online Gambling Legislation, UK Online Gambling Tax, UK Online Gambling Market, UK Licensed Gambling Sites, UK Gambling Laws, United Kingdom
Source: http://www.onlinecasinoadvice.com/news/uk-government-soon-to-decide-on-gambling-commission-merger/
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