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New UK Legislation - affordability checks coming New UK Legislation - affordability checks coming

11-13-2020 , 02:33 PM
Quote:
Originally Posted by mullion
No, I was wrong as pointed out by a few posters.

Tax was deducted on the whole returns, not just the winnings
Sorry, i somehow skipped some of the posts.
New UK Legislation - affordability checks coming Quote
11-14-2020 , 10:57 AM
Quote:
Originally Posted by LektorAJ
Is that right - I remember it being applied on the whole sum returned? (unless you paid the tax up front)

In that case it would always have been better - rather than betting 100+9 pounds on something - to bet the 109 and just pay the tax just off the net winnings.

However the conventional wisdom was it was best to pay tax up front because for example:

a) 100+9 bet wins at evens, punter walks away with 200 pounds.

b) 109 bet wins at evens - punter pays 9% on his 218, i.e. 19.62 pounds, walks away with 198.38 pounds.

a being better than b for the same money risked.

It was a long time ago
New UK Legislation - affordability checks coming Quote
11-17-2020 , 12:47 PM
From what I’ve seen in the uk press this looks to be pushed back to next year.

I think not much will change and I think an affordability check of NET deposits is for sure something to push for.

That being said, I doubt much will change. I think the thing they will go after is the loot boxes in games that children play. This is much more of an issue that I think they’ll put energy into
New UK Legislation - affordability checks coming Quote
11-17-2020 , 03:49 PM
The UK government presumably has already considered that this legislation won't protect problem gamblers, as they will just move to betting on sports, slots, scratchcards, high street bookmakers that dont check id, bingo, lottery tickets... all of which the government can tax, unlike online poker. So diverting players to more easily taxable sports is the real reason behind all this, and nothing to do with protecting players from themselves.
New UK Legislation - affordability checks coming Quote
11-17-2020 , 05:10 PM
Quote:
Originally Posted by Jay Why
all of which the government can tax, unlike online poker.
The UK government can, and does, tax online poker (operators).
New UK Legislation - affordability checks coming Quote
11-22-2020 , 04:17 PM
Affordability checks are already implemented. I got one from Pokerstars back in May and one from GGpoker yesterday. I think they've set it up so if you make multiple deposits in quick succession it automatically triggers.

Absolutely hate this stuff, it feels so intrusive. I hate having to divulge personal information like this. Not the sites fault though, they're just complying with the shitty rules.
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11-23-2020 , 08:35 PM
I'm not sending any personal financial data to a gambling site ... this is getting beyond stupid -

The UK Government, Institutions and Corporations seem to be making decisions as if trying to get likes on Instagram ... it's all driven by the media and social media pressure, which are hugely biased to the left and love protecting any perceived oppresed/disadvantaged group.

Breaking news, people need more agency and empowerment to take responsibility of their lives and well-being. It blows my mind the ever growing number of adults expecting the Government to solve all their issues.
New UK Legislation - affordability checks coming Quote
11-24-2020 , 12:05 PM
Quote:
Originally Posted by astrobel
I'm not sending any personal financial data to a gambling site ... this is getting beyond stupid -

The UK Government, Institutions and Corporations seem to be making decisions as if trying to get likes on Instagram ... it's all driven by the media and social media pressure, which are hugely biased to the left and love protecting any perceived oppresed/disadvantaged group.

Breaking news, people need more agency and empowerment to take responsibility of their lives and well-being. It blows my mind the ever growing number of adults expecting the Government to solve all their issues.
South Africa's response to coronavirus included banning alcohol and tobacco sales, and the UK government restrictions on gambling are similarly aimed to get people to spend money constructively. I think it is great the government is taking steps to cut back on problem gambling. If one is a sensible gambler these rules wont have a bad impact, it is only people with problems who have not controlled their expenditure that will be affected by this helpful and necessary legislation.
New UK Legislation - affordability checks coming Quote
12-14-2020 , 05:11 PM
Just got an email from GG that all deposits will be limited to $200/$400/$1300 daily/weekly/monthly for all UK customers from the 15th of December 2020 (tomorrow).

That can be increased if you provide one of:

- Three months payslips
- Most recent P60
- Annual tax returns
- Three months bank statements showing money in/out

I've personally withdrawn all my funds from GG about 6 weeks ago due to them banning winning players, their **** rakeback and other shady dealings. I've not heard anything from the other two untracked euro site I actually play on.
New UK Legislation - affordability checks coming Quote
12-14-2020 , 05:15 PM
insane that governments all around the world are slowly raping your rights away to do what you wish with your own finances.

if that ever happened here in canada id go off the deep end hard and take them all with me.
New UK Legislation - affordability checks coming Quote
12-14-2020 , 05:26 PM
Yeah I mean those limits are an absolute joke to anyone who plays professionally. Also gambling winnings are not taxed here so if you're playing for a living full time the only option is to show last three months bank statements. And there's no info how much I'd need to have money in vs money out to increase the limits to say make a one time 10K deposit. And that's not even going into how I'd feel in regards to sharing my finances with a poker site.

But they're not quoting a government guideline or a new law that's been passed recently. And they are the only site that has email this to me (edit: so far)
New UK Legislation - affordability checks coming Quote
12-14-2020 , 06:58 PM
Quote:
Originally Posted by astrobel
I'm not sending any personal financial data to a gambling site ... this is getting beyond stupid -

The UK Government, Institutions and Corporations seem to be making decisions as if trying to get likes on Instagram ... it's all driven by the media and social media pressure, which are hugely biased to the left and love protecting any perceived oppresed/disadvantaged group.

Breaking news, people need more agency and empowerment to take responsibility of their lives and well-being. It blows my mind the ever growing number of adults expecting the Government to solve all their issues.
stfu, bookies/gambling sites in uk need better regulating
New UK Legislation - affordability checks coming Quote
12-14-2020 , 07:49 PM
Quote:
Originally Posted by Just_Raking
Just got an email from GG that all deposits will be limited to $200/$400/$1300 daily/weekly/monthly for all UK customers from the 15th of December 2020 (tomorrow).

That can be increased if you provide one of:

- Three months payslips
- Most recent P60
- Annual tax returns
- Three months bank statements showing money in/out

I've personally withdrawn all my funds from GG about 6 weeks ago due to them banning winning players, their **** rakeback and other shady dealings. I've not heard anything from the other two untracked euro site I actually play on.
My first thought when I read this was that £1k per month with no questions asked isn't too bad. Albeit the problem gamblers I've known don't have much more than that coming in each month.

Then I saw the daily limit and thought it's too prohibitive to build a roll and doesn't work with any welcome or reload bonuses. Obviously not worth the effort as a professional either, depending on the details around the proof. The proof begs all sorts of questions about wealth versus monthly earnings, somebody needing to be able to understand properly money in and money out, etc.
New UK Legislation - affordability checks coming Quote
12-14-2020 , 08:34 PM
Quote:
Originally Posted by Just_Raking
Just got an email from GG that all deposits will be limited to $200/$400/$1300 daily/weekly/monthly for all UK customers from the 15th of December 2020 (tomorrow).

That can be increased if you provide one of:

- Three months payslips
- Most recent P60
- Annual tax returns
- Three months bank statements showing money in/out

I've personally withdrawn all my funds from GG about 6 weeks ago due to them banning winning players, their **** rakeback and other shady dealings. I've not heard anything from the other two untracked euro site I actually play on.
Really? So if you don't have a job (or business) you can't deposit? And even if you do, you can't deposit more than $1300 a month?

If that happens at every gambling site, the whole industry is screwed. Their revenue will drop by about 90%. And anyone looking to deposit money for mid-high stakes can't do so. Even small stakes players might have trouble depositing a roll. Oh and if they don't have a job, it's impossible to deposit anyway.
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12-14-2020 , 10:13 PM
i grinded 150 to 1400 in very little time (few months of part time play) . it can be done but i guess you need the players I am taking that from to be able to deposit.

there are a few randoms in heads up who pop up over and over again that have massive leaks I can conistently exploit. If they cant deposit so much anymore I cant take so much from them anymore.

from my reading of proposals and etc they were talking about deposit limits subject to affordability checks.

I have no idea if the people I play are burger flippers,CEOs, professional footballers or checkout clerks etc.

I really would like to think that people that lose money can afford to lose what they put down and are okay rather then losing their shirts and homes breaking up families and suicides etc.

Really though I am pretty sure the vast vast majority of people can afford to lose what they stake.

the Way I see it is there are only three types of people who are going to go to the trouble of providing bank statements and pay slips to gambling sites and those are.
1. the professional gamblers
2. people with gambling problems.
3. aspiring professional poker players basically small stake grinders trying to progress into a decent income. and become type 1.

I cant see a casual gambler who just doing it for fun and gambling responsibly having the effort of providing bank statements and payslips to gambling sites.
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12-15-2020 , 02:20 AM
Such a horrible law, hope players can fight against it in order to reverse it.
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12-15-2020 , 02:34 AM
I work in compliance.

Basically the joke is related to AML regulations, stupid governments thinking that they will tackle the issue with stupid laws.

However GG doesn’t care, as they use schemes to avoid them constantly as I’ve mentioned in other threads. For GG actually might be valuable since they can know which players have large income to suck it all, or to ban some winning players, or to even send more spam to problematic gamblers.

Sad as ****.


Enviado desde mi iPhone utilizando Tapatalk
New UK Legislation - affordability checks coming Quote
12-15-2020 , 04:37 AM
Quote:
Originally Posted by Just_Raking
Just got an email from GG that all deposits will be limited to $200/$400/$1300 daily/weekly/monthly for all UK customers from the 15th of December 2020 (tomorrow).

That can be increased if you provide one of:

- Three months payslips
- Most recent P60
- Annual tax returns
- Three months bank statements showing money in/out
I got this email as well yesterday (UK player).
Nothing is said about bankroll at all. It doesn't say that keeping a bankroll of 10k or 50k on gg is prohibited. The main impact this will have is that more (especially serious) UK players will keep more money in online bankrolls to avoid deposit issues.

Also can't see this being good for the low/mid stakes eco system. There must still be players who will blast through over £250 a week sometimes so some of this extra money will dry up.

I play a fair bit on SWC (a BTC site), unless smaller sites/apps get on board with this and literally refuse deposits from UK players then how will this be policed? The tax office aren't going to know if I buy on coinbase and use it to deposit on an app somewhere.

The irony here is that some players are going to pushed into using unregulated sites/apps.
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12-15-2020 , 04:21 PM
It seems like people are taking this as though you cannot deposit now more than $X per month.

You can deposit as much as you want as long as you can prove you can afford to lose it. Peeps ITT saying the games will be affected are basically accepting there are people out there who cannot afford to lose what they have deposited.

Also let’s get this straight, if you win you can keep playing and play bigger stakes. If you lose your money and you cannot prove you can afford to lose more then absolutely you shouldn’t be playing.

I’m sure there’ll be 0.01% of the population who this will not work for however, it does act as a plug for:
- Desperate people putting the last of their life roll hoping to win big
- People addicted to gambling who just keep depositing
- People in large amounts of debt who need to be paying it off

As much as I love poker, the three groups above have always been on my mind while playing. These guys MUST be out there and probably in a larger number than I’d like to admit.

If games get worse because these groups are pulled out of the ecosystem, so be it, these people need to be helped.
New UK Legislation - affordability checks coming Quote
12-15-2020 , 05:07 PM
Quote:
Originally Posted by MikeyBu
It seems like people are taking this as though you cannot deposit now more than $X per month.

You can deposit as much as you want as long as you can prove you can afford to lose it. Peeps ITT saying the games will be affected are basically accepting there are people out there who cannot afford to lose what they have deposited.

Also let’s get this straight, if you win you can keep playing and play bigger stakes. If you lose your money and you cannot prove you can afford to lose more then absolutely you shouldn’t be playing.

I’m sure there’ll be 0.01% of the population who this will not work for however, it does act as a plug for:
- Desperate people putting the last of their life roll hoping to win big
- People addicted to gambling who just keep depositing
- People in large amounts of debt who need to be paying it off

As much as I love poker, the three groups above have always been on my mind while playing. These guys MUST be out there and probably in a larger number than I’d like to admit.

If games get worse because these groups are pulled out of the ecosystem, so be it, these people need to be helped.
Fundamentally I don't think the state should decide what you can and can't do with your money. And that should be the end of discussion right there. I also think 90%+ of the problem gamblers are going to be heading to the pit or casino games or bet on sports rather then jump into 100NL+ and dust off their rent money. Close this avenue they will just buy lottery tickets or scratch cards.

I also don't feel comfortable sharing my finances with a poker site. Aside from security issues why would I need to prove to them where my money comes from and how much I have it? I mean what's next, do I need to take my payslip to the store if I want to buy a new pair of £100 trainers?

Some people will always be terrible with their finances and make bad decisions. There's no saving them, let's not get carried away here by proposing restrictions on everyone.
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12-15-2020 , 06:20 PM
It is nobodies business but yours to decide if you want to gamble with your money or not.

Gambling sites will only use your information for their benefit not for your own good because they are designed to take your money one way or another. So giving them info will never work out in favor of player anyway. If you can not deposit through cashier, affiliates will deposit for you.

It is very naive to think that this regulation will protect any problem gambler at all.
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12-15-2020 , 07:40 PM
Yeah, this only works as a protection measure for problem gamblers if all sites and bricks and mortar casinos share perfect information in real time. Otherwise, the problem gamblers will spread their funds around if they're really desperate. Maybe it will protect some, but not the majority.

The onus should be on sites to identify problem gamblers and block them, or face huge fines. In theory, that legislation exists but I don't think its enforced correctly. The incentive to look the other way as a gambling business is just too great.

I wonder how much of this comes from feedback from problem gamblers themselves?
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12-15-2020 , 07:59 PM
Quote:
Originally Posted by OldManDecaf
Just to straighten out a couple of confusions itt...

There is no such thing as a "professional gambler" in the UK (poker or otherwise) and nobody has paid income tax on gambling winnings, since this was established by case law in the mid 1920s.

By the same virtue, gambling winnings cannot be assessed as income (in the UK) and therefore cannot be part of any "affordability" assessment that is a legal requirement (for example for a mortgage).

Since this is a defined legal position, established by case law and recognised as such by HMRC (its on their website somewhere) it can only be changed by primary legislation (an Act of Parliment).

As other posters above have explained (but just to give a little history) the tax referred to above is the old UK "Betting Tax" (9%) that could bet paid at the time (amount) of bet or at the time (amount) of the win...smart punters obviously paid it at the time of the bet! It had no real relevance to poker and it was not an income tax, it was tax on the product or service, like a purchase tax or a form of VAT.

It was abolished by Gordon Brown in 2001 and replaced by a 15% tax on gross profit which is met entirely by the gambling industry themselves. The motivation for abolishing it was the rise in online/offshore gambling which was rendering it unworkable.

Incidentally, the current gambling tax provides a lucrative source of revenue for all UK governments...something they will bear in mind before messing around with it...especially at the moment.

IMHO (fwiw...not a lot ) promoting and protecting responsible gambling by regulating the industry is 100% a good thing and part and parcel of a decent civilised society. Banning gambling activities is an infringement of people's personal liberty (and pretty hypocritical given we have a national lottery). The trick, as always, is finding the right balance. I think the UK is probably one of the better countries at getting this balance right...and way, way ahead of the US for example.
Superb post, agree.

Morally you couldn't argue that RG legislation was much needed and welcomed, practically the way the rules have come in are so extreme and difficult that it's really going to be crippling for the business. I dont expect many people will by feeling sorry for the bookies but i expect the affects to ripple down and affect everyone who relies on the gambling industry for their livelihood.

It's no surprise though, for 20 yrs since the internet came into online betting the bookies have had it all their own way, advertise where they like, take as much money as they like of a customer, reward the customers as they please (and didnt even mention FOBTS) ... No wonder when the hammer dropped it dropped HARD. I suspect within the next 30 months, they'll be new rules and only getting tighter.

What I suspect will happen is the big boys will suffer short term hit to the bottom line but will be fine as they have the volume of customers to support losing a few (and are far less reliant on higher stakes business - always the bookmakers dream to have 10,000 people betting £25 on the premier league on a saturday) small independant bookies are screwed if they cant figure a way to slacken up how they obey the rules and undergroud/black market gambling will thrive.

All in all, not a massive amount will be achieved but I think overall as bad as it is for business you have to say it's a good thing.
New UK Legislation - affordability checks coming Quote
12-15-2020 , 10:53 PM
Quote:
Originally Posted by ty4thDime$
Superb post, agree.

Morally you couldn't argue that RG legislation was much needed and welcomed, practically the way the rules have come in are so extreme and difficult that it's really going to be crippling for the business. I dont expect many people will by feeling sorry for the bookies but i expect the affects to ripple down and affect everyone who relies on the gambling industry for their livelihood.

It's no surprise though, for 20 yrs since the internet came into online betting the bookies have had it all their own way, advertise where they like, take as much money as they like of a customer, reward the customers as they please (and didnt even mention FOBTS) ... No wonder when the hammer dropped it dropped HARD. I suspect within the next 30 months, they'll be new rules and only getting tighter.

What I suspect will happen is the big boys will suffer short term hit to the bottom line but will be fine as they have the volume of customers to support losing a few (and are far less reliant on higher stakes business - always the bookmakers dream to have 10,000 people betting £25 on the premier league on a saturday) small independant bookies are screwed if they cant figure a way to slacken up how they obey the rules and undergroud/black market gambling will thrive.

All in all, not a massive amount will be achieved but I think overall as bad as it is for business you have to say it's a good thing.
does anyone actually know what is happening or when though I mean I have heard many different things from it will all be fine and we will be unaffected to the sky is about to fall on our heads and all is lost.

and do we really know its 30 months before changes are made or could they be made next week?

there is already a service for people with a gambling problem in this country it is called gamstop.

if someone wants to be excluded from all gambling sites all they need to do is register with gamstop.

companies that may have decided a customer is vulnerable or a customer that may have asked to be excluded from a particular service at a particular site may not necessary be grounds for exclusion from every gambling venue. perhaps the company are making assumptions that may not necessarily be correct or maybe the customer had a particular reason to do with not been happy with that company or service but still be fine with gambling.

Online poker has been illegal in most american states yet there are still sites that cater to american players from all states . These sites are obviously not strictly legal in America but they still run.

Surely customers will always be able to find illegal/unregistered sites. They had an underground illegal casino raided earlier this year. and failing all of that there are plenty of home games and private games.

over the years I have been invited to a few games here and there I never actually went because I just never trusted it. there is a privet game that runs at a local resturant that was mentioned to me recently, I do not trust that the game would not be rigged in someway/cheating so I wont be going.

but if the government are not careful they risk creating a scenario where people turn to illegal gambling activity.

deposit limits are fine some of the other things been discussed are concerning.
New UK Legislation - affordability checks coming Quote
12-16-2020 , 01:14 AM
Communism Coming

FYP
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