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
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
The government is looking into to whether these savings have been realised
and will run the consultation until February 2006.
Andrew Tyrie airs views on the Finance Bill, 'Making Tax Policy Better' report, and Brexit
Top 25 firm HW Fisher & Co has acquired London firm Rhodes & Rhodes
Top Ten firm RSM has appointed Nick Blundell as its head of corporate tax in Birmingham
Drastically fewer offices for HMRC in the hope to reduce their running costs