Taxation: Bingo

Treasury written question – answered on 15th March 2012.

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Photo of Gordon Henderson Gordon Henderson Member, Regulatory Reform Committee 15th March 2012

To ask the Chancellor of the Exchequer what assessment he has made of the rate of gross profit tax levied on (a) bingo clubs and (b) bookmakers; and for what reasons there is a difference between the two rates.

Photo of Chloe Smith Chloe Smith The Economic Secretary to the Treasury, Member, Public Accounts Committee 15th March 2012

The rates of general betting duty and bingo duty were set by the previous Government. Bingo duty is charged at 20% of gross profits and general betting duty is charged at 15% of gross profits. The March 2011 Budget left rates unchanged. All taxes, including gambling taxes, are kept under review.

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