A decision by UK bookmaker Victor Chandler to transfer £55m of off-course betting with 5,000 clients from London to Gibraltar has alarmed the Betting Office Licensees Association. Victor Chandler was responding to a proposed halving in Irish betting duty to 5%, which would undermine its British business, taxed at 9%. British bookmakers operate a voluntary code under which they don't take bets from UK punters at their foreign offices; this code seems doomed, and the Inland Revenue, which took in £479m in betting duty in 1998/99, is watching the situation carefully. It is legal for UK citizens to bet abroad.
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