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Written question asked by Paul Farrelly (Labour) on Monday, 20 May 2019, in the House of Commons. It was due for an answer on Thursday, 23 May 2019 (named day). It was answered by Robert Jenrick (Conservative) on Thursday, 23 May 2019 on behalf of the Treasury.


Football Pools: Taxation

Question

To ask the Chancellor of the Exchequer, whether he has made an estimate of the revenue that could accrue to the public purse from a redeveloped football pools industry.

Answer

No estimate has been made. Pool Betting Duty raises around £5m in revenue for the Exchequer per annum. Reducing the level of taxation would be likely to have at best a limited effect on the football pools. However, it could put revenue at risk, particularly through incentivising switching of products from fixed odds bets to pooled bets.


Secondary information

Type
Written question
Reference
256223
Session
2017-19
Subjects
Football pools Taxation
Link
View this Written question on www.parliament.uk