TT-Line Gaming Act 1993

In this section – onboard gaming means gaming on a ship in respect of which a gaming licence has been issued; relevant percentage means – 7.91% in respect of any gaming by means other than a gaming machine; and 17.91% in respect of gaming by means of a gaming machine.

An operator must pay to the Commissioner of State Revenue, as a tax on the gross profits derived by that operator from onboard gaming each month, a sum equivalent to the relevant percentage of the amount of that gross profit.

A sum payable by way of tax under subsection (2), is to be paid to the Commissioner of State Revenue on or before the seventh day of the month following the month to which that tax relates.

For the purposes of subsection (2), the gross profit derived in any month from onboard gaming is to be calculated – by deducting from the total amount received in that month from gaming, the amount paid out during that month as winnings in respect of gaming; and then – if the value of the unredeemed tokens at the end of the month is greater than it was at the beginning of the month – by adding to the amount ascertained under paragraph (a), the difference between those values; or if that value is less than it was at the beginning of the month – by deducting from the amount so ascertained, the difference between those values.

For the purposes of subsection (4) – the value of a token is the amount required to be given for its issue for onboard gaming; and any sum received for the issue of a token for gaming is a sum received from onboard gaming; and a token is taken to be unredeemed so long as, having been issued for onboard gaming, it is not used in onboard gaming.

Any sum due under subsection (2) as a tax may be recovered by the Commissioner of State Revenue in a court of competent jurisdiction as a debt due to the Crown.