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IOM Deal With UK Tax
Friday September 5,2014 : ISLE OF MAN DEAL WITH BRITISH TAXMAN GOOD FOR ONLINE GAMBLING OPERATORS
Online gambling operators licensed in the Isle of Man and accessing the British market will not be required to appoint a UK representative to account for tax issues.
Thanks to a cooperative deal between the Isle of Man and British governments, online gambling operators licensed in the Isle of Man and accessing the UK market will not be required to appoint a UK representative to account for any general betting duty, pool betting duty or remote gaming duty liabilities which may become due on or after December 1, when the new point-of-consumption tax on operators kicks in.
Isle of Man Treasury Minister Eddie Teare MHK announced Friday that an agreement has been reached with HM Revenue and Customs on the issue, and that an order made under the Gambling Duty Act 2012 will be put before Tynwald (the Isle of Man parliament) for approval.
This will ratify the agreement and allow the Customs and Excise Division of the island's Treasury to recover any such liabilities, if necessary.
Minister Teare said that without the agreement, Isle of Man operators with customers in the UK would need to appoint a UK representative to be jointly liable for any duty debt, or provide security themselves to HMRC for any potential debt.
He added, "The agreement is a further example of government being proactive in supporting a successful sector of the island’s economy. It also serves to illustrate the good standing of the island’s gambling sector, whose regulation has been recognised by the UK authorities of being of the highest standard."
PartyPoker Rakebak -
Partypoker brings back rake back for players. All new ‘partypoker weekly Cashback’ launches.
NHL Odds: Lone Canadian Team Plays on Friday -
“Stingy” is a word that many have used to describe the Ottawa Senators in Round Three. The Sens know that they’re overmatched against a Pens lineup that features the likes of Sidney Crosby, Evengi Malkin and Phil Kessel, but with determined defensive play, Ottawa managed to frustrate the Penguins on their home ice, stealing one of two games.
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Candy Dreams is a 720 ways to win, variable reel game. Players spin on a colorful reel area filled with candy treats, as they play towards enticing bonus triggers.
PKR Company Statement Update -
Microgaming can confirm that David R Taylor and Matthew R M Wild of RSM Restructuring Advisory LLP were appointed Joint Administrators of PKR Ltd and PKR Technologies Limited on 11 May 2017 by the High Court, Chancery Division.
Microgaming Wins The Spark Award 2017 -
The Spark Award celebrates organisations that experiment with ways of working differently. Previous winners include GCHQ and Places for People. It’s a part of Spark the Change, a global movement dedicated to empowering people and building happier workplaces.
NHL Predators First Ever Conference Finals Appearance -
With three of the team’s top four point scorers residing on the blueline, the Nashville Predators have found a strategy that frustrates even the best in the West. After qualifying as the lowest-seeded Western Conference team, the Predators made quick work of the Chicago Blackhawks (4-0) and St. Louis Blues (4-1) in the first two rounds.
NBA Odds: Wizards-Celtics at the Garden -
The Washington Wizards are making this a series. They’ve won back-to-back games against the Boston Celtics to knot this second-round matchup at 2-2 with Game 5 at the Garden on Wednesday. TNT has the coverage starting at 8 PM ET.
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