The impact on the remote gambling industry of HMRC's new point of consumption gambling duty was high on the agenda at this week's KPMG-sponsored e gaming summit.
At present, gambling activities are taxed on a place of supply basis with taxes paid in the operator's home jurisdiction.
From 1 December, that will change to place of consumption and will affect operators in the Isle of Man with customers in the UK.
Peter Greenhill, e gaming boss at the Department of Economic Development, detailed successful efforts by the Isle of Man VAT office to mitigate the transition for local operators.
Delegates to the Villa Marina summit heard Manx licensed e gaming firms will not be required to have a fiscal representative in the UK, liable to pay the duty to the Treasury, a waiver not enjoyed by rival firms in Alderney and Jersey.
In his sector update Mr Greenhill said the number of new licence holders in the Island has been static since April this year as a result of difficult economic conditions:
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