Gordon Brown has
offered to meet with bingo bosses to among other things talk about the levels of
taxation in the gaming industry, Reuters has reported.
Industry bosses have complained
that bingo is taxed twice as
VAT is charged on the price players pay for each bingo game – a participation
fee – while gross profit is also taxed.
He also said chancellor Alistair Darling was also looking into the matter.
‘I can assure you that the
the Exchequer will continue to look at these matters but I am also very
happy to meet up to talk about it,”
MTD represents 'the single most significant change to the UK’s system of taxation in recent times', says Knill James partner Nick Rawson. So, how prepared are SMEs for digital tax reporting?
The SME community voices concern about the chancellor's measures in the Spring Budget
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Unincorporated businesses under the VAT threshold given an extra year to prepare before MTD becomes mandatory