TaxCorporate TaxBingo seeks VAT relief to clear smoke

Bingo seeks VAT relief to clear smoke

Bingo operators want VAT relief to offset impacts of smoking ban

Bingo halls want Gordon Brown to grant them VAT relief to offset set
potential losses from the
smoking
ban
.

The
Bingo Association
says 28% of its clubs will close and warns that
admissions will fall by 29% when the ban is introduced. Profits will halve.

The association says removing VAT will only cost the Chancellor £15m and
protect most of the clubs and safe 4,000 jobs,
the FT
reports.

According to the association bingo is the most heavily taxed form of gambling
in Britain, as it is hit by the double effect of paying 15% of gross profits tax
as well as VAT.

Further reading:

PwC warns businesses to prepare for smoking ban

Bingo halls wait on tax break to offset smoking ban

AIM under fire as cash shells breach LSE rules

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