Bingo halls want Gordon Brown to grant them VAT relief to offset set
potential losses from 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,
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.
The drive towards a fully digital tax regime is an admirable one, but mandation is simply wrong, according to one of the UK's most senior tax technology practitioners - Paul Aplin
Does Darwin's theory apply to taxation? Colin ponders...
The UK tax gap fell in 2014-15 to its lowest-ever level of 6.5%, revealed official statistics published today
Changes to the tax system is urged to support the growth of entrepreneurs, found a report from the Grant Thornton UK, the Institute of Directors, and the Prelude Group