Those who enjoy gambling would like to receive the safest conditions for playing their favourite games and slots. And the most important point influencing the legality of operations and customers’ security is the availability of licensing. UKGC is the most well-known organization, which was established in 2005, and since then, it regulates casinos not only in the UK but also beyond its borders.
Each reliable gaming club providing people with access to different slot machines and live casino uk should have a proper licensing. The procedure of getting it is not difficult, but the license type depends on the activity:
- operating license is suitable for leading any gambling business;
- personal management license (for financial planning, marketing, etc);
- personal functional certificate works for individuals working in the sphere (for instance, croupiers).
It is worth noting that those providing casino advertisements also need licensing. Those who don’t proceed with any certification are not considered reputable and legal in the country, which leads to a lack of demand from gambling fans. Such a gaming club won’t attract players, so it’s better to provide the best legal conditions for all players.
4 Steps to Getting Appropriate Licensing
Nobody likes paperwork and dealing with documents, but the process is necessary. The process of getting a license by any casino or other gambling establishment is quite easy. It is just necessary to follow these steps:
- The casino owner should visit the UKGC site and submit an application.
- Collect documents that are required by the administration (as a rule, around 25 documents).
- Make sure that the owner of the company is in the country.
- It is required to pay the registration fee, which is calculated individually (it usually varies from £950 to £16.000).
As a rule, the application consideration takes a minimum of 4 months. The license will be active for 5 years, and when the period ends, it should be updated. The British gambling certificate is considered really expensive, but it’s worth it. UK Gambling Commission is the most prestigious company operating in this sphere. It is also worth noting that this business should be properly serviced, which requires additional investments.
Taxes for British Online Gambling
Business owners should remember that gambling is taxable, and the amount of the necessary payment depends on the company’s gross annual income. Those gaming clubs that have just opened their virtual doors for users can usually enjoy a 25% tax discount, which is available for one year. A UKGC site provides an online calculator, where each casino owner can independently calculate the license fee amount.
Since gambling is incredibly common among users, it is critical to get a proper certification to operate legally. Players mostly prefer to become members of reliable casinos, which confirm their trustworthiness and reputation with appropriate licensing. However, the document from UKGC is considered quite expensive, which is the reason why numerous gambling sites prefer alternative options such as MGA, Curaçao, or Gibraltar gaming authorities.