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Isle Of Man Placed On UK E-Gaming White List

by Jason Gorringe, Tax-News.com, London

10 August 2007


The Isle of Man has been named on the UK government's e-gaming 'white list,' which will allow e-gaming companies based in the Isle of Man to market their services in the UK.

“This is fantastic news and a real boon for the Isle of Man; reflecting the UK’s recognition of the Island as a quality jurisdiction," commented Garth Kimber, head of e-Gaming development at the Isle of Man Department of Trade & Industry (DTI).

He continued:

“The UK white list is a crucial benefit to the Isle of Man. The UK's Gambling Act 2005, implemented next month, will ban companies based outside the EU from marketing into the UK. Having been added to the white list, companies licensed in the Isle of Man will now be excluded from this restriction and will be able to advertise into the UK for both the terrestrial and remote markets.

“Our inclusion clearly demonstrates that as well as being commercially and technologically attractive the Isle of Man has established and maintained good standards of legislation, regulation and probity similar to those required by the UK in their jurisdiction. We have a high threshold on quality."

Kimber added:

“We are aware that a number of businesses have put decisions to locate in the Isle of Man on hold pending the outcome of this announcement. Now this issue has been resolved we expect to see renewed interest from these companies who will hopefully progress with plans to invest here."

“The last few years have been dynamic for the industry and the sector is growing rapidly. Within this the Island has proved itself as a premier jurisdiction and today’s announcement offers us another opportunity to attract reputable, responsible businesses in this sector."

Kimber concluded by observing that: “Any e-Gaming business locating in the Isle of Man can expect not only full access to the UK market, one of the strongest in Europe, but also the added benefits of 1.5% duty, 0% corporation tax, a world class telecommunications infrastructure. This, coupled with the lifestyle and strong record of flotation of companies from the island on the AIM market, makes the Isle of Man a ‘must consider’ jurisdiction".

A comprehensive report in our Intelligence Report series examining offshore e-commerce and online 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.asp

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