Double taxation means paying gross profit tax and Vat together. This double taxation will have a huge impact on the online gaming industry than any liquidity crisis.

The communication manger of the bingo association named Steven Baldwin said that “The industry is lobbied for quite some time, that as a result of changes in government policy, the industry is unfairly treated.”

He also added that “We pay gross profit tax and Vat, whereas other sections of the gambling industry only pay gross profit tax.”

All these things i.e the implementation of the Gambling Act fail to give the freedom to the online gaming industry that it has been searching for all these years.

He said that the bingo industry was asked to pay the cost implemented in the replacement of the Gaming Board of Great Britain, with the Commission of Gambling which will cost an extra six million dollars to do the same job.

Some other sources say that this kind of taxation process will cost 85 million dollar every year to the bingo industry.

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