UK government reviewing the Betting Act
The UK government reviewing the Betting Act and until it has completed its current review of the Betting Act the UK government will not accept any more applications for inclusion in its advertising white list, which enables online offshore Betting companies to advertise in the United Kingdom media.
It is understood that the hold on new applications is a consequence of complaints from UK licensed Betting companies that offshore rivals have tax and other advantages over them, and that the competitive UK Betting field needs to be levelled.
The review will take a comprehensive look at the policies of other EU governments on betting; UK betting and VAT taxation in relation to the taxes that offshore companies pay; the ability of offshore companies to market for UK players on UK soil and claimed inequities such as the Board Levy in horseracing.
The Department of Culture, Media and Sport is leading the project, and will look to finnish the study by the close of 2009.
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