RACING POST THURSDAY MARCH 22nd 2012. ' IT'S THE MOST EXPENSIVE DAY IN THE HISTORY OF BOOKMAKING.'

RACING POST THURSDAY MARCH 22nd 2012

RACING POST WEEK MONDAY MARCH 19th TO SUNDAY MARCH 25th  2012

http://www.turfcall.co.uk

TODAY'S CARDS Carlisle. Fontwell. Chepstow. Wolverhampton, Kempton Park. Cork.

http://www.racingpost.com/horses2/cards/home.sd 

Best bets in RPTIPPING

BY  HOWARD WRIGHT  "SHOCK 20% GAMING MACHINE DUTY

 'TO HIT PROFITS BY £48m'

"SETTING the government's take from every betting shop gaming machine at 2o per cent of gross profits - as chancellor George Osborne did in yesterday's Budget - will hit the industry's profits by nearly £50 million, according to the two biggest high street operators.

"With Osborne also confirming a new tax on offshore online operators forecast to bring in £270m a year by 2016-17, Ladbrokes spokesman Ciaran O'Brien described yesterday as "The most expensive day for the industry ever - and that includes Dettori day.....

"OFFSHORE ONLINE GAMBLING TO BE TAXED

"CHANCELLOR George Osborne confirmed yesterday the government will capture tax from the growing offshore betting and gaming market for the first time, writes Howard Wright

"Gross profits duty will be charged on online bets placed by UK-based punters. When the new regime starts in 2014, the Treasury expects to raise £70 million from online gambling in the first term and more than £270m in the third, against zero at present.

"Under the current system, the Treasury collects duty based on the location of the betting operator, which prompted all but bet365 and Coral among major UK firms to move their online operations revenue neutral, an independent study commissioned by the ABB set 16 per cent as the level that would achieve that. ..

http://turfcalllinks.blogspot.co.uk/ 

http://www.hmrc.gov.uk/budget/

http://www.hm-treasury.gov.uk/budget.htm