Clause 16 - Rates of gaming duty
Finance Bill
3:30 pm
Mr John Healey (Economic Secretary, HM Treasury; Wentworth, Labour)
Simply put, the clause increases the duty bands for gaming duty in line with inflation, ensuring that their value is maintained. It is a measure
that continues the practice of the last six Budgets. It is supported by the casino industry and is designed to prevent a tax increase being caused by the erosion in the value of duty bands by inflation. I commend the clause to the Committee.