Taxation: Gambling

Treasury written question – answered on 5th February 2008.

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Photo of John Hemming John Hemming Liberal Democrat, Birmingham, Yardley

To ask the Chancellor of the Exchequer which gambling products are subject to more than one ad valorem tax rate; and for what reasons in each case.

Photo of Angela Eagle Angela Eagle The Exchequer Secretary, Member, Labour Party National Executive Committee

Gambling products are subject to a range of different taxes. In some circumstances, bingo is subject to more than one ad valorem tax. Bingo in a licensed premises is subject to bingo duty at 15 per cent. on gross profits and most participation fees for such bingo are subject to VAT at the standard rate. All gambling industries are also subject to the usual taxes imposed on business. The average effective tax rate on bingo is not out of line with rates on other forms of gambling.

The Government consider all relevant factors when establishing and maintaining fair regimes for the gambling taxes.

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