TaxCorporate TaxPBR05: Gambling tax regime opened to consultation

PBR05: Gambling tax regime opened to consultation

Consultation into efficiency of gambling tax reforms opened up in PBR

Government has launched a consultation to evaluate whether the changes to the
tax regime for bingo taxation have brought the savings sought.

In 2003 the tax system for bingo duty was simplified, removing the need to
calculate added prize money charges and moved the duty calculation from a weekly
to monthly.

The change would have created one-off transitional costs, resulting from the
need to train staff and change accounting systems, but overall the change would
reduce costs.

The government is looking into to whether these savings have been realised
and will run the consultation until February 2006.

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