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Post by fca47 on Sept 30, 2014 14:24:46 GMT
Since yesterday the jurisdiction is now Gibraltar.
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Post by numpty40 on Sept 30, 2014 14:27:35 GMT
I take it my lad will be back late for his tea then, he never mentioned owt when he went work this morning.
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Post by fca47 on Sept 30, 2014 14:29:25 GMT
I take it my lad will be back late for his tea then, he never mentioned owt when he went work this morning. He is now working for a service company. |
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Post by salopstick on Sept 30, 2014 14:30:38 GMT
is it the whole operation?
i read somewhere that PC was keeping the sports betting in UK and it was the gaming (bingo etc) operation that was off shore
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Post by thebet365 on Sept 30, 2014 14:32:19 GMT
It's the sports betting moving offshore, They're keeping the stoke on trent hub for software support and other duties.
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Post by fca47 on Sept 30, 2014 14:32:54 GMT
They are not moving the call centres etc. but the traders etc. have gone to Gibraltar. Not regulated by the gaming commission in Uk.
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Post by bayernoatcake on Sept 30, 2014 14:34:56 GMT
Makes sense.
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Post by PerCyfilth ....Captains Log on Sept 30, 2014 15:22:10 GMT
Every other betting op is offshore and Bet 365 have been the only ones paying their whack to the taxman..dunner blame them ..especially if it employs more stokies as a result.
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Post by Lakeland Potter on Sept 30, 2014 15:24:29 GMT
I hope Denise and Richard will fly home regularly to keep in touch - or do you think they have moved their children offshore as well?  |
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Post by Eggybread on Sept 30, 2014 15:27:23 GMT
Thats more tax evasion that we will have to pay.Oh good.This kind of shit costs us eight billion pounds a year.NHS,schools,housing.
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Post by jezzascfc on Sept 30, 2014 15:31:08 GMT
There may well be minimal actual operations offshore, just enough to show "mind and management" is not in the UK. The board will probably fly out to hold board meetings etc, sign documentation, but other than that there may just be a corporate administration outfit keeping their company books over in Gibraltar and the local office of one of the big four accountants auditing them.
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Post by sheikhmomo on Sept 30, 2014 15:31:43 GMT
I'm not sure it does make that much obvious sense with the point of consumption tax coming in. The benefits of operating out of Gib will be all but eradicated. It was thought that the new tax would see providers come back to the UK, it certainly wasn't anticipated that 365, a company lauded politically and locally for being the only major sportsbook to operate out of the UK and to pay its taxes and levies would go the other way.
Very strange.
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Post by Gaz on Sept 30, 2014 17:00:10 GMT
Good for them. I still get stung for 5% of my winnings by Mrs. Merkel. Let me put that another way, I will be stung if I ever win a bet.
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Post by Robo10 on Sept 30, 2014 17:26:32 GMT
They are heavily investing in the area
As well as all the Hillside buildings, they are currently knocking the old Sentinel offices down on Forge Lane - in 18 months/2 years there will be a mahoosive Bet365 centre there, on top of the others.
Not surprised they are taking advantage of tax laws though, all the others seem to do it!
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Post by retired1 on Sept 30, 2014 17:28:27 GMT
does that mean they won't be paying their fair share of tax like Starfucks apple et al?
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Post by nott1 on Sept 30, 2014 17:28:49 GMT
HMRC will be tracking them ready to pounce when new laws surely come in for tax dodging.
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Post by sheikhmomo on Sept 30, 2014 17:34:24 GMT
HMRC will be tracking them ready to pounce when new laws surely come in for tax dodging. The laws surrounding gaming duty itself have already been changed and come into effect on Dec 1st. It matters not a jot that you're in Gib if the client is consuming from the UK from that date. You pay tax. |
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Post by drjeffsdiscobarge on Sept 30, 2014 17:37:44 GMT
Thats more tax evasion that we will have to pay.Oh good.This kind of shit costs us eight billion pounds a year.NHS,schools,housing. Tax evasion? |
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Post by fca47 on Sept 30, 2014 17:53:34 GMT
I'm not sure it does make that much obvious sense with the point of consumption tax coming in. The benefits of operating out of Gib will be all but eradicated. It was thought that the new tax would see providers come back to the UK, it certainly wasn't anticipated that 365, a company lauded politically and locally for being the only major sportsbook to operate out of the UK and to pay its taxes and levies would go the other way. Very strange. Don't think it's been prompted by tax reasons, more from the regulatory side. |
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Post by torquaypotter on Sept 30, 2014 18:05:01 GMT
Gone off shore bloody hell I knew it rained last night at the brit but I did think it was that heavy
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Post by blooter on Sept 30, 2014 18:12:18 GMT
Apparently it's easier to get licences for other countries when you are regulated in Gibraltar. From November the 1st it wont matter where you are based. If you have UK customers you pay tax. 90% of the staff will stay in Stoke.
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Post by Deleted on Sept 30, 2014 19:09:19 GMT
Thats more tax evasion that we will have to pay.Oh good.This kind of shit costs us eight billion pounds a year.NHS,schools,housing. its a competitive market. if all the big concerns have allready gone offshore[and i believe they have]then bet 365 would be at a big disadvantage.so to remain competitive they dont really have much choice. i would hazard a guess that bet365 contribute more in taxes than any other bookie.i for one am extremely grateful for what the coates family have done and continue to do so for the people of stoke on trent. if you want to have a go at tax evasion have a closer look at the tory backers. |
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Post by drjeffsdiscobarge on Sept 30, 2014 19:44:32 GMT
Thats more tax evasion that we will have to pay.Oh good.This kind of shit costs us eight billion pounds a year.NHS,schools,housing. its a competitive market. if all the big concerns have allready gone offshore[and i believe they have]then bet 365 would be at a big disadvantage.so to remain competitive they dont really have much choice. i would hazard a guess that bet365 contribute more in taxes than any other bookie.i for one am extremely grateful for what the coates family have done and continue to do so for the people of stoke on trent. if you want to have a go at tax evasion have a closer look at the tory backers. They almost certainly do contribute more tax at this point and it isnt 'tax evasion' |
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Post by Eggybread on Sept 30, 2014 22:45:34 GMT
its a competitive market. if all the big concerns have allready gone offshore[and i believe they have]then bet 365 would be at a big disadvantage.so to remain competitive they dont really have much choice. i would hazard a guess that bet365 contribute more in taxes than any other bookie.i for one am extremely grateful for what the coates family have done and continue to do so for the people of stoke on trent. if you want to have a go at tax evasion have a closer look at the tory backers. They almost certainly do contribute more tax at this point and it isnt 'tax evasion' Unbelievable.So because they contribute more tax atm than other competitors its ok for them to evade paying some.Tell that to cancer patients who because of NHS cuts are not getting the correct treatment.And just what have the Coates family done for the city of Stoke-On-Trent apart from the obvious football team? |
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Post by Robo10 on Oct 1, 2014 6:32:01 GMT
Did you not read the other posts before accusing the company of causing cancer patients to die?
It's not about tax as new rules stop avoidance, it's about regulation and licences.
Keep up my friend.
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Post by gazscfc on Oct 1, 2014 9:15:43 GMT
bet365 have been in Gibraltar for about 5 years now.
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Post by Whitmore on Oct 1, 2014 9:41:24 GMT
For those of you who don't think it's about tax, corp tax on gaming revenues in Gibralter is capped at £425,000 a year...
And its Tax avoidance not evasion, perfectly legal.
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Post by drjeffsdiscobarge on Oct 1, 2014 9:55:52 GMT
They almost certainly do contribute more tax at this point and it isnt 'tax evasion' Unbelievable.So because they contribute more tax atm than other competitors its ok for them to evade paying some.Tell that to cancer patients who because of NHS cuts are not getting the correct treatment.And just what have the Coates family done for the city of Stoke-On-Trent apart from the obvious football team? What are you on about? I will say this veeeerrrryyyy slowly for you... IT IS NOT TAX EVASION! |
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Post by The battheader chronicles on Oct 1, 2014 10:05:30 GMT
They almost certainly do contribute more tax at this point and it isnt 'tax evasion' Unbelievable.So because they contribute more tax atm than other competitors its ok for them to evade paying some.Tell that to cancer patients who because of NHS cuts are not getting the correct treatment.And just what have the Coates family done for the city of Stoke-On-Trent apart from the obvious football team? It's avoidance ( something that 95% of people would do given the chance) not evasion (illegal) |
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Post by foster on Oct 1, 2014 10:09:12 GMT
The way I see it, the more money Bet365 have, the more likely we are to get more investment in the club. So for SCFC its a good thing.
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