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IOM Gambling Duty Act Starts Soon
NEW ISLE OF MAN GAMBLING DUTY ACT COMES INTO FORCE NEXT YEAR
Subject to approval by the Tynwald, new Act introduces a single structure for local bookmaker, pools promoters and online gambling operators.
Subject to approval by the Tynwald, the Isle of Man's ancient parliament, new legislation affecting online gambling is due to come into force on the island early next year.
The Isle of Man Gambling Duty Act 2012 received Royal Assent in October 2012, and replaces the former general betting duty, pool betting duty and online gambling duty with a single duty of excise called "gambling duty," reports the publication Lowtax.com.
The new Act repeals and replaces a number of provisions in the Pool Betting (Isle of Man) Act 1961, the Betting Act 1970 and the Online Gambling Regulation Act 2001, but it is not concerned with machine games duty, lottery duty on National Lottery games, or land-based casino gaming.
Tax rates and liability for operators remain unchanged in the new Act, which is more flexible and better able to deal with technical and other developments, Lowtax reports.
The legislation is designed to create a consolidated and robust legislative framework underpinning an important business sector in the Island, while allowing for future development of the innovative and fast-moving industry.
The single structure will simplify the different laws and procedures in tax accounting under the old laws, and existing exemptions of permissions will be carried forward to the new Act. Credits or losses accrued will also be transferable to the new duty.
Gambling News :
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All 14 players who have made it to the end of Day 2 in the MPN Poker Tour Tallinn Main Event can now consider themselves to have officially run deep.
Day 2 of the MPNPT Tallinn Main Event -
Day 1b of the MPN Poker Tour 2017 Tallinn Main Event easily surpassed the tournament’s €150,000 guarantee on its own. Yesterday’s 416 entries brought the total number so far up to 522
Michael Myers is back in Halloween Slot Machine -
Get ready for a blood-curdling adventure with Microgaming’s latest offering – Halloween Follow Annie, Lynda, Doctor Loomis, and our heroine Laurie as they try to survive the ultimate horror movie villain, Michael Myers.
Joe Fortune new Rewards Program -
Once you sign up, you’re automatically enrolled in the rewards program – and that’s when the epic journey begins. You’ll start earning Adventure Miles immediately, and can embark on the quest of a lifetime: To get paid to play, which stays true to the rewards program’s slogan, ‘Play More Get More’.
NHL Odds: Toronto Maple Leafs vs. Washington Capitals on Tuesday -
Auston Matthews and the Toronto Maple Leafs touch down in DC this Tuesday (7 PM ET on TSN) as one of the hottest teams in the NHL. They've tallied a ridiculous 26 goals through only five games played; that's more than five goals scored per game on average. They'll be up against an equally potent Washington Capitals team.
Pro League Reveals Sportradar Contract Details -
The partnership between the PLC and Sportradar aims to provide a high-quality level of service to all Arabian Gulf League stakeholders in addition to making verified official data about players performances available to coaching and scouting staff and supplying match information to media outlets.
NFL Odds: Steelers Visit Undefeated Chiefs #TNF -
The Kansas City Chiefs (5-0 SU and ATS) have been flawless as an NFL pick thus far. Their chances of remaining undefeated in Week 6 look good; after opening at –4.5, Kansas City is a 5-point home chalk for Sunday’s game against the Pittsburgh Steelers (3-2 SU, 2-3 ATS), beginning at 4:25 PM ET on CBS.
Mega Moolah strikes again -
The jackpot was hit on a mobile device on Sunday 1 October 2017 by a UK player on Betway, this time awarding a £1,448,116.31 pay day.
2 New Slots For Microgaming Casinos -
David Reynolds, Games Publisher at Microgaming, comments: “On top of our branded title game Halloween, we’re delivering two more slots this October, each bringing exciting features and a different theme.
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