The Chartered Institute of Taxation (CIOT) will enter Second Life
®, on Monday 15 October as part of Tax Advice Week
. The CIOT is holding a Q & A event at Sky News office in the 3D world at 11.30am. The CIOT is providing a Chartered Tax Adviser, Tax Anderton, to discuss tax issues with people in the virtual world.
Rob Ellerby, CIOT President, explains: “There are many people in Second Life who are buying and selling goods and services. Like any transaction this may be liable for tax. We feel it is very important that Second Lifers understand the tax issues they are facing, as we suspect many will not be fully aware of the implications of their virtual activity.”
The CIOT is also providing a short guide to the tax implications of virtual worlds.
Rob Ellerby adds: “We hold Tax Advice Week each year to ensure people have sufficient knowledge to be able to deal with the complexities of the tax system.”
The content of the leaflet was kindly provided by LexisNexis.
Second Life is a 3D virtual world.
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For press information contact Simon Goldie on 020 7245 4122 (direct line - 24 hours). Email firstname.lastname@example.org
Notes to Editors
The coordinates for the event are - SLURL
Tax Advice Week takes begins on Monday 15 October. The week is kindly sponsored by Interactive Data and Pure Recruitment.
Tax Anderton is a cousin of Heather Taxable. The Taxables are a cartoon family created for the CIOT by Steve Morgan. The Taxables were first introduced in 2006 to help raise awareness of tax issues.
Second Life is a 3D online world with a rapidly growing population from 100 countries around the globe, in which the Residents themselves create and build the world, which includes homes, vehicles, nightclubs, stores, landscapes and clothing. The Second Life Grid is a sophisticated development platform created by Linden Lab, a company founded in 1999 by Philip Rosedale, to create a revolutionary new form of shared 3D experience. The former CTO of RealNetworks, Rosedale pioneered the development of many of today's streaming media technologies, including RealVideo. In April 2003, noted software pioneer Mitch Kapor, founder of Lotus Development Corporation, was named Chairman. Based in San Francisco, Linden Lab employs a senior team bringing together deep expertise in physics, 3D graphics and networking. Note to editors: Second Life® and Linden Lab® are registered trademarks of Linden Research, Inc.