Key Takeaways
- The Isle of Man will rationalize its system of taxes on gambling with effect from January 1, 2014.
- A bureaucratic tax system which depends on the status of operators as bookmakers, pool operators or online gaming operators is being replaced with a single Gaming Duty.
- Transitional arrangements should ensure that effective tax liabilities remain unchanged.
From January 1, 2014, the Isle of Man will rationalize its system of taxes on gambling. Effectively rates remain the same, but the administration will be streamlined.
