From the 1st of December 2014, the UK government will be implementing some new remote gambling laws known as point of consumption. The new bill will require online gambling sites to first of all verify the correct locations of their players. Secondly, any profits the online gambling companies then make by UK based players will be subject to a 15% tax rate.
There has been some negativity surrounding the bill, with many believing that the 15% tax rate could lead to some players moving to illegal black market sites as they will be able to offer better betting odds and promotions. Another concern is that some of the smaller companies will not be able to afford the new tax system and will be forced to close their virtual doors.
Jenny Williams, the head of the Gambling Commission in the UK, has said that the bill will be going ahead and that they are expecting to have to process over 150 new licensing applications over the next couple of months. She also mentioned that unlicensed gambling sites will not be able to operate in the UK.