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Written question asked by John Hayes (Conservative) on Wednesday, 16 October 2019, in the House of Commons. It was due for an answer on Monday, 21 October 2019. It was answered by Simon Clarke (Conservative) on Tuesday, 22 October 2019 on behalf of the Treasury.


Football Pools: Excise Duties

Question

To ask the Chancellor of the Exchequer, if he will reduce pool betting duty from 15 per cent to 10 per cent.

Answer

The Government has no current plans to reduce Pool Betting Duty. Reducing it to 10% is likely to have a negligible effect on The Football Pools, but could put revenue at risk particularly through incentivising the switching of products from fixed odds bets to pooled bets.

HM Treasury however keeps all taxes, including Pool Betting Duty, under active review.


Secondary information

Type
Written question
Reference
871
Session
2019-19
Subjects
Excise duties Football pools
Link
View this Written question on www.parliament.uk