The issue of the UK's plan to tax on a consumption basis will be raised at today's KPMG eGaming Summit in Gibraltar.
With the support of the Gibraltar government, figures from the jurisdiction's gaming industry are working on plans, including possible legal action, against the British government, to defend its well-established gaming industry, the Gibraltar Chronicle has reported.
Maria Brennan of HM Treasury is today at the eGaming Summit in Gibraltar with a member of HMRC to talk about the UK's now confirmed plan to tax on a consumption basis.
Gibraltar's Chief Minister Fabian Picardo and his predecessor, Peter Caruana, have reportedly highlighted the economic threat that such a move could be to the jurisdiction.
UK Chancellor George Osborne recently announced plans for a UK online gaming tax and revealed that a consultation process is taking place, though the aim is to impose a 15 per cent charge based on the location of the player rather than the location of their business. This would affect the likes of William Hill and Ladbrokes that moved their online operations to Gibraltar.
