The Isle of Man Treasury has published a draft Gambling Duties Bill to replace the current legislation that deals with the administration and collection of excise duty on the types of gambling activities for which the Customs and Excise Division is responsible.
The Bill would replace activity-specific excise duties, with the exception of that on National Lottery games, in favour of a single gambling duty.
Launching the consultation, the government said:
“The Bill would repeal and replace existing legislation to provide a comprehensive but flexible structure that would allow for adequate control and administration whilst also being capable of catering for ongoing development in technology and the nature of the gambling industry.”
“The Bill would also provide powers for Customs and Excise to provide assurance as to the compliance of operators with the law of the island; to enforce duty debts; and to enable the Division to co-operate with authorities in other jurisdictions to combat unlawful activity connected with gambling, including corrupt practices in sport.”
A comprehensive report in our Intelligence Report series examining the new possibilities that offshore e-commerce open up for business, and analysing the offshore jurisdictions that have led the way in offering professional e-commerce regimes for international business, with a particular focus on e-gaming, is available in the Lowtax Library at http://www.lowtaxlibrary.com/asp/subs_reports.asp and a description of the report can be seen at http://www.lowtaxlibrary.com/asp/description_report6.aspTags: tax | law | offshore | gambling | legislation | offshore e-gaming | Isle of Man | excise duty | compliance | Isle of Man
Network Tweets
Network BlogsContent
provided by
|
Archive | Resources | Partners | Site Map | Links | Newsletter Archive | Contact | RSS Feeds | About | Syndication | Advertising & Marketing | Recruitment | Terms & Conditions | Privacy & Cookies
Copyright © 2012 - All Rights Reserved - Tax-News.com
IMPORTANT NOTICE: Tax-News.com has taken reasonable care in sourcing and presenting the information contained on this site, but accepts no responsibility for any financial or other loss or damage that may result from its use. In particular, users of the site are advised to take appropriate professional advice before committing themselves to involvement in offshore jurisdictions, offshore trusts or offshore investments.
Write a comment