Isle Of Man Gambling Duty Act Set For January 1 Launch

The Isle of Man’s Gambling Duty Act 2012 will come into force on New Year’s Day 2014 if it is approved by the local parliament, Tynwald, according to the Tax-news.com website.

The Act will replace the former general betting duty, pool betting duty and online gambling duty with a single “gambling duty”.

The Act does not cover machine games duty, lottery duty on National Lottery games, or land-based casino gaming.

The new provisions have been designed to be more flexible with technical developments, providing more robust legislation, even though the rates and bases of liability for operators of the new gambling duty will remain the same.

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