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26 Feb 2010
Mecca Bingo owner Rank has called for the creation of a single tax rate for all UK betting and gaming. It wants the seven different tax rates to be replaced by one of 15%.
A uniform rate would lower administrative costs of tax compliance and collection, increase the country’s tax income and create onshore jobs, Rank said in its report 'Responsible Taxation - Fairness, Simplicity, Sustainability'.
Rank has recently fought the taxman in the courts over VAT.
Ian Burke, chief executive at Rank, said: “At the moment the gaming and betting activities of UK consumers are subject to a patchwork quilt of taxation, without any apparent logic or relationship to social policy."
Rank disclosed a 20% rise in its 2009 profit to £48.5m.
Further reading:
Rank claims back £26m VAT from the taxman
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