Written question asked by Lord Austin of Dudley (Labour) on Tuesday, 5 April 2011, in the House of Commons. It was due for an answer on Tuesday, 26 April 2011. It was answered by Justine Greening (Conservative) on Tuesday, 26 April 2011 on behalf of the Treasury.
Taxation: Betting
- Question
- To ask Mr Chancellor of the Exchequer, what estimate he has made of the annual sum foregone by the Exchequer in betting taxation which can be attributed to companies which advertise and transact in Britain basing their remote operations offshore.
- Answer
-
I have been asked to reply.General betting duty typically raises around £300 million to £400 million per annum. Since only UK-based bookmakers are liable for betting duty, there is no loss from overseas bookmakers that advertise and transact in the UK. However, HMRC does not record yield from remote betting separately from general betting duty, so there is no formal estimate of the impact on receipts in this area.
Secondary information
- Type
- Written question
- Reference
- 52112; 527 c40W
- Session
- 2010-12
- Subjects
- Betting Taxation
- Link
- View this Written question on www.publications.parliament.uk
Librarians' tools
- Timestamp
- 2013-11-20 02:50:09 +0000
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