The laws on gambling and online bookies is forever evolving. A few years ago tax was abolished on punters winnings due to ever increasing competition from abroad who were already offering tax free gambling. The internet has made made industries have to change their way of thinking. The UK ruling was done in order to protect many UK based companies and their thousands of employees. But is it set to last?
In recent years matched betting has become extremely popular and punters looking to take advantage of bookies offers has become mainstream. Free bets are set to lose their tax exemption from the 1st August 2017. That gives punters another year to take maximum advantage of the offers currently being given out on a daily basis. That’s not to say these offers will stop in a years time but they may be reduced as bookies will find them a much bigger expense with a 15% tax to pay.
Industries being free of tax is always a touchy point in the business world. While other industries and businesses are struggling to stay afloat, arguable damaging and dangerous industries like gambling are given big tax incentives.
However while the situation remains the same many companies are set to take advantage of a customers growing demand for gambling and matched betting advice. One such company is oddsmonkey review based in the North East of England. Their service offers to teach punters how to make a guaranteed profit from online and high street bookies with no risk.
Oddsmonkey Review here.
The relatively new service has sprung up in many places online with many new websites offering a similar service. The pressure on the gambling industry is mounting. A breaking point may come with the tax changes in 2017, however incentives to gamble will always be offered and while the internet is around is doesn’t take long before potentially lucrative systems and advice becomes mainstream.
Of course while one industry remains free of tax another tax will spring up elsewhere to plug the hole left by the shortfall.
Bedroom tax was a short lived and anger inducing topic in the UK in recent years. Vehicle tax will also continue: