Isle of Man Offers Operators Tax Relief on UK Gaming Duty Isle of Man Offers Operators Tax Relief on UK Gaming Duty
Key Takeaways
  • The Isle of Man (IoM) has determined operators licensed by the Gambling Supervision Commission (GSC) can claim Double Duty Relief for any taxes paid under the UK’s new point of consumption (POC) tax regime.
  • The claim is limited to the maximum amount that operators would have paid to the IoM as gambling duty on the same revenues.
  • The total revenues for Gaming Duty and Fees for the 2013/2014 financial year were £6.16 million—not an insignificant sum for an island with a population of around 85,000, but the real contribution to the economy comes from the employment that the gaming industry provides.

The Isle of Man (IoM) has determined operators licensed by the Gambling Supervision Commission (GSC) can claim Double Duty Relief for any taxes paid under the UK’s new point of consumption (POC) tax regime.

The claim is limited to the maximum amount that operators would have paid to the IoM as gambling duty on the same revenues.

In effect this means that IoM licensed operators will get a discount on their overall tax bill compared to operators licensed in some other jurisdictions like Malta.