Bad news await the UK betting sites and online casinos, given that several newspapers have reported that taxes will be imposed on incentives. According to several newspapers in the United Kingdom, the government is considering imposing taxes on free spins and bonuses offered by online casinos. Among these incentives, there are no deposit bonus available at registration and are often used as a marketing tool to encourage new players to sign up. According to the government’s plan, it is expected that additional charges of £ 100 million will be imposed on the online betting industry, and this is really bad news for this sector.
Free spins and no deposit bonuses soon taxed in the UK online betting industry
The British government has clarified its position and provided a reason for this initiative. He pointed out that the bonuses and incentives offered by the physical operators of sports betting were already subject to taxes. Therefore, in order to balance things between the universe of physical betting and online betting that on the internet, online offers such as free spins and bonuses without deposit will be taxed.