Double Taxation on Poker

There has been a bit of confusion concerning taxes and online casinos dealing with player to players games, admitted the British government.

Certain games, such as poker should not be subject to gaming duty, but is to VAT. There have been numerous statements to the opposite since April, 2007 and this needs to be cleared up.

Angela Eagle, who is Exchequer to the treasury admits that the Financial Secretary to the Treasury, John Healey had wrongly implied that poker was to be taxed two times.

Ms. Eagle went on to say, "In fact the Finance Act 1997 does not apply gaming duty to participation fees for poker played in casinos, so participation fees for poker played in casinos are liable only to VAT. I apologise to the House for this misunderstanding."

No date has been set for a review for the gaming duty but it may happen with the pre-budget report in October.