Written question asked by Chris Stephens (Scottish National Party) on Monday, 21 January 2019, in the House of Commons. It was due for an answer on Wednesday, 23 January 2019. It was answered by Robert Jenrick (Conservative) on Tuesday, 29 January 2019 on behalf of the Treasury.
Football Pools: Excise Duties
- Question
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To ask the Chancellor of the Exchequer, what assessment he has made of the effect on the (a) finances and (b) usage of the football pools of the reduction in pools duty from 15 per cent to 10 per cent.
- Answer
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Pool Betting Duty raises around £4m in revenue for the Exchequer per year. Cutting Pool Betting Duty to 10% could pose a risk to the public finances from a reduction in General Betting Duty revenue as bookmakers would have an incentive to switch their products from fixed odds bets to pools bets.
It is unlikely to increase usage of the football pools which has been in long term decline due to the poplularity of other gambling products.
Secondary information
- Type
- Written question
- Reference
- 210669
- Session
- 2017-19
- Related items
- Subjects
- Excise duties Football pools
- Link
- View this Written question on www.parliament.uk
Librarians' tools
- Timestamp
- 2019-02-19 13:40:02 +0000
- URI
- http://data.parliament.uk/writtenparliamentaryquestion/commons/2017-19/210669
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- http://indexing.parliament.uk/Content/Edit/1?uri=http://data.parliament.uk/writtenparliamentaryquestion/commons/2017-19/210669
- In Solr
- https://search.parliament.uk/claw/solr/?id=http://data.parliament.uk/writtenparliamentaryquestion/commons/2017-19/210669