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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."



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NHL Odds: Forsberg Faces Elliott in Nashville - The last time the Nashville Predators played against the Calgary Flames, Calgary had a 4-1 lead five minutes into the second period. Nashville responded with four back-to-back goals, including a hat trick from centreman Filip Forsberg. Both teams went into overtime with five goals, and Calgary defenseman Mark Giordano (12 goals, 22 assists) scored the winning goal.

Sit & Go 2.0 launched online exclusively at Americas Cardroom - Get ready to cheer like a champion before the first flop is even dealt. The much-anticipated Sit & Go 2.0 is now launched online exclusively at Americas Cardroom and Sit & Go players are reaping the benefits of the next evolution of poker.

NBA Odds: Hawks, Wiz in Southeast Showdown - The Washington Wizards (42-27 SU, 36-32-1 ATS) can pretty much secure the Southeast Division title with a win Wednesday night over the Atlanta Hawks (37-32 SU, 31-38 ATS). Tip-off is at 8 PM ET on ESPN; the Wizards lead Atlanta by five games with less than a month remaining before the playoffs.

Mega Moolah progressive jackpot Hit Again - Microgaming’s Mega Moolah progressive jackpot slot has been hit yet again at just over €6.6 million!

NBA Odds: Clippers Try to Slow Down Bucks in LA - Milwaukee Bucks small forward Giannis Antetokounmpo and Los Angeles Clippers power forward Blake Griffin are two of the most talented and versatile forwards in the NBA. The two lead their teams into battle on Wednesday in Los Angeles.

NCAAB Odds: SMU Hosts Tulsa With AAC Title on the Line - There aren’t too many college basketball teams more profitable than the SMU Mustangs (25-4 SU, 18-5-1 ATS). They host the Tulsa Golden Hurricane (14-14 SU, 15-12 ATS) this Thursday night, tipping off at 8 PM ET on CBSSN.

NHL Odds: Canadiens Welcome Islanders Tonight - The Montreal Canadiens (32-20-8) welcome the New York Islanders (28-21-10) on Thursday (7:30 PM ET on SNE). After getting their first victory under new head coach Claude Julien, the Canadiens will look to build on that momentum against a red-hot Islanders team.

NHL Odds: Reeling Flyers Seek Relief in Pittsburgh - #nhl The Philadelphia Flyers have been a bit off since the holidays. They’ve won just eight games since the Christmas break, and now they’ve got a tough one coming up this Saturday night against the Pittsburgh Penguins.

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