Gibraltar fighting against new UK taxation proposal

28 June 2012

 

Today is the final day for the submission to the UK Treasury consultation period for the policy redesign proposals to implement new regulations and tax measures on the UK gambling industry.

 

According to egrmagazine, a lawyer from the Gibraltar Betting and Gaming Association (GBAA) spent more than half a million pounds in legal advice to fight the intention of UK Government to implement a 15% consumption Tax to the operators in the end of 2014 and submit a written representation to the UK treasury consultation and will make further statement in due time.

 

The group put together by 23 of Gibraltar’s largest operators and submitted and extensive written response questioning UK’s Government motives to implement a point of consumption tax in order to know the legal grounds that it’s based and the limits they are willing to accept on the new revised law.

 

Each of the 23 group members is reported to have paid an average £22.000 to hire 2 experienced “Queens Counselors” to put together a legal case to stall or eventually abolish the coalition’s bid to tax Licensed Operators at point of consumption instead of current point of supply.

David Vaughan CBE, and Kevin De Haan, QC with the Francis Taylor Building are the lawyers in charge of building a case for the Gibraltar group.



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