Bookmakers Rating 
Player Ratings 
Biggest Bookmakers 
Bookmakers by Country 
Highest Odds 
Scam Bookmakers 
Bet Builder 
Cash Out 
Live Streaming 
Low deposit 
Fast Withdrawals 
No Verification 
Bookmakers Comparison 
Top 100 Bookmakers for 2023 
New Australian Bookmakers 
Best Canadian Sportsbooks 
Best UK Bookmakers 
Best USA Sportsbooks 
Bitcoin 
VISA 
Mastercard 
PayPal 
Paysafecard 
Skrill 
Neteller 
EcoPayz 
MuchBetter 
Apple Pay 
Best Sports Bookmakers 
Best Bookmakers for Football 
Basketball 
NBA 
Euroleague 
Cricket 
NFL 
Horse Racing 
Greyhound Racing 
Betting Bonus 
Freebet Offers 
Mobile Bonuses 
Promo Codes 
Βitcoin Bonuses 
Bookmaker Promotions 
Reload Bonuses 
Accumulator Offers 
Acca Insurance Offers 
Enhanced Odds Offers 
Best Odds Guaranteed 
VIP Bonuses 
Belgium 
Bulgaria 
Cyprus 
Denmark 
Finland 
France 
Germany 
Greece 
Ireland 
Italy 
Netherlands 
Norway 
Poland 
Portugal 
Spain 
Sweden 
Switzerland 
UK 
Ukraine 
India 
Indonesia 
Kuwait 
Malaysia 
Pakistan 
Qatar 
Singapore 
Thailand 
UAE 
Canada 
USA 
Australia 
New Zealand 
Brazil 
Kenya 
Nigeria 
South Africa 
Tanzania 
Uganda 
How to Bet for Beginners 
Advanced Guide to Sports Betting 
Professional Betting 
Crypto Gambling 101 
Sports Betting Calendar 
Betting Systems that Work 
Online Bet Calculators 
Betting Exchanges 
How to Bet on Tennis and Win 
How Cricket Betting Markets Work 
How to Bet on Politics 
How to Bet on Specials 
Bookie Finder 
Industry News 
Submit a complaint 
Bookmaker Deposit Methods 
Gambling Licenses 
Well-known British bookmaker Betfred's recent victory regarding the VAT on revenue from Fixed-Odds Betting Terminals (FOBTs) at land-based betting stores could set new limits on online gaming as well. The tribunal that took place some days ago found Betfred innocent against the claim that FOBTs in land-based and online casinos were not subject to the same tax as brick and mortar betting shops. In the same tribunal it was also found that the same logic applied to all other FOBTs including roulette, card games and virtual racing games.
The VAT was applied by HMRC on revenue deriving from FOBT starting from 2005 up to 2013. Following that the British government applied the 20% Machine Games Duty, which was then increased all the way up to 25% in 2014. The consequences mean that Betfred is expected to receive a £100m VAT refund, but that's not the end of it. If Betfred were to be refunded then the ruling would also have to be applied to its competitors, which would then bring the amount the government would have to pay out all the way up to £1.9b.
In an effort to make up for all the expected financial losses due to this incident, the government is anticipated to increase taxes on other gaming products. For example, last June the remote gaming duty went from 15% to 20% as part of the plan to balance the reduction the maximum stakes in FOBTs from £100 to £2. The reduction will probably take a few more years to be in effect (probably around 2020) as well as the subsequent appeal of the VAT by HMRC.
Why choose Betfred
- 25+ sports
- Live Streaming
- Full Cash Out
- Player Special Bets
- 95% tennis payout
- 100+ greyhound races/day
- Android/iOS apps
- 24/7 Customer Support
Betfred is a well-known name among bettors in Britain. It is the epitome of uncomplicated betting, and one of the last UK betting giants still privately owned. The sportsbook was the first to offer a Lucky 15 bet and the first to pay out bettors before a result was guaranteed in 1998. The horse and greyhound racing sections are some of the most complete among online bookies. If you asked me who the best High Street bookmaker is, I would easily tell you, Betfred. However, the transition from shops to online betting has not been so smooth. You can see that most of their business still comes from the High Street, as the platform lacks finesse. The number of markets and payment methods available does not even come close to what the competitors are offering. In addition, for a sportsbook that has been online since 2004 and had a revenue of £10 billion in 2019, the expansion internationally has inexplicably been overlooked. Nonetheless, it is still one of the top options for all the major UK sports.
