1-1 of 1 results for subject:Betting
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Answering member
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Justine Greening
Type
House
Session
Year
Department
Member
Primary member
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Greening, Justine (1)
Legislative stage
Legislation
Subject
Publisher
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.
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.
Asked by
Lord Austin of Dudley
(Labour)
Answered by
Justine Greening
(Conservative)
Answering body
Treasury
Type
Written questions
Status
Answered
Tabled on
5 April 2011
For answer on
26 April 2011
Answered on
26 April 2011
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.
Subjects
Betting; Taxation
Date
26 April 2011
Reference
52112; 527 c40W
House
House of Commons