How Alderney overcame effect of UK changes

How Alderney overcame effect of UK changes

Tuesday, October 6, 2015 Totally Gaming
Ecommerce chief Susan O'Leary will meet EiG attendees in Berlin

Susan O’Leary, Alderney’s new director of e-commerce, said that positive actions had helped the jurisdiction to overcome challenges presented by regulatory and taxation changes in the UK.

The British Crown dependency, in which SkyBet and Unibet are licensed, is one of a number of offshore zones affected by the introduction of the Point of Consumption (POC) Tax and licensing changes over the last year. However, while Gibraltar complained about both developments at UK and European level, O’Leary said that it has sought to minimise the effect of the changes through maintaining good relations.

“The Alderney Gambling Control Commission (AGCC) has a good relationship with the UK regulator and is working closely with the UK to minimise unnecessary duplication of regulation and regulatory costs,” said O’Leary, who will be meeting EiG attendees at the Alderney eGambling Limited drinks reception on Wednesday, October 21 at 15.40, stand 543.

“We took the decision to discount gambling duties paid in other jurisdictions in calculating our licence fees to prevent double taxation. All these measures have helped Alderney to soften the impact of the introduction of POC on its licensees.”

O’Leary took over her role in the summer, replacing Robin Le Prevost, who stepped down after nine years. Her main task is promoting Alderney as a leading jurisdiction for online gaming operators to work in, and she said that good relations with business and other regulators and a competitive tax framework are among the island’s major selling points. 

“Alderney is a well-regulated but commercially realistic jurisdiction and it is important that we keep our innovative edge that sets us apart from others. We are first-movers and wish to continue doing so," O’Leary said. “My goal is to keep this momentum and I believe there are great opportunities for an innovative jurisdiction like Alderney. However, the real challenges will be to continue delivering pragmatic and effective regulation while helping existing licensee’s businesses to grow.

"Keeping up with technological developments can also be challenging in a fast moving digital industry. It is also important that we continue to build on relationships we already have with governments and authorities around the world for the good of players and licensees.”
 

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