Aug 20 - GBGA Officially Threatens Legal Action with Point of Consumption Tax to Commence in October
The Gibraltar Betting and Gaming Association this week officially filed their formerly threatened legal challenge against the UK Government’s ‘point of consumption tax,’ which the Association claims to be unlawful. The tax, which was originally proposed in the 2012 Budget, to come into place on October 1st 2014, will tax gaming operators based on the point of consumption of their customers, instead of the current ‘place of supply’ legislation which sees overseas based companies pay no UK gambling taxes. New legislation will see companies ‘pay tax on the gross gambling profits generated from UK customers, no matter where they operate from’.
The Administrator of Customs on the La Linea side of the frontier has notified Gibraltar on the commencement of works that are set to ‘allegedly facilitate frontier flow in keeping with the recommendations of the EU Commission.’
The Russian frigate Yaroslav Mudry arrived in the Spanish port of Ceuta yesterday to take on fuel and water supplies during a short visit. The frigate is part of the Russian Federation’s Baltic fleet and has been operational since 2009. The warship is set to leave Ceuta this evening.
Ten Gibraltar Regiment recruits passed out at the Infantry Training Centre in Catterick last week.
