The UK Government has frozen the online gambling white list while they once again review the Gambling Act for the second time.
The Department of Culture, Media and Sport (DCMS) has decided to suspend any new additions to the list for the foreseeable future after it came to light that bookmakers have been avoiding making tax contributions by basing their businesses off-shore.
A number of UK Bookies are thought to be considering a move to Gibraltar to avoid paying the 15% gaming tax imposed. During the freezeout period this hefty tax maybe reviewed to encourage companies to stay in the UK which will help to secure jobs within the industry.
The White List was set up in 2007 to combat the growing problem of relaxed regulation in certain jurisdictions. It’s implementation has meant that many off-shore gambling locations, including the Isle of Man, have improved standards to be included on the list.