Written question asked by Ian Mearns (Labour) on Wednesday, 24 July 2019, in the House of Commons. It was due for an answer on Tuesday, 3 September 2019. It was answered by Simon Clarke (Conservative) on Thursday, 5 September 2019 on behalf of the Treasury.
Bookmakers and Football Pools: Taxation
- Question
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To ask the Chancellor of the Exchequer, what recent estimate he has made of the rate of gross profit tax levied from (a) the Football Pools and (b) bookmakers; what the rationale is for applying the same rate of duty to the Football Pools and bookmakers; and what recent assessment he has made of reducing the reducing the rate of the Pools Betting Duty to 10 per cent.
- Answer
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No recent estimate has been made. Pool Betting Duty raises around £5m and General Betting Duty raises around £600m in revenue for the Exchequer per annum.
The rate of duty on the Football Pools and Bookmakers was set by the previous Government. Reducing Pool Betting Duty to 10% is likely to have a negligible effect on the Football Pools, but could put revenue at risk particularly through incentivising switching of products from fixed odds bets to pooled bets. HM Treasury however keeps all taxes under active review.
Secondary information
- Type
- Written question
- Reference
- 281721
- Session
- 2017-19
- Subjects
- Bookmakers Football pools Taxation
- Contains statistics
- Yes
- Link
- View this Written question on www.parliament.uk
Librarians' tools
- Timestamp
- 2019-09-05 17:41:50 +0100
- URI
- http://data.parliament.uk/writtenparliamentaryquestion/commons/2017-19/281721
- In Indexing
- http://indexing.parliament.uk/Content/Edit/1?uri=http://data.parliament.uk/writtenparliamentaryquestion/commons/2017-19/281721
- In Solr
- https://search.parliament.uk/claw/solr/?id=http://data.parliament.uk/writtenparliamentaryquestion/commons/2017-19/281721