TaxCorporate TaxGaming group Rank wants tax reform

Gaming group Rank wants tax reform

15% rate should cover everything, says betting company

Mecca Bingo owner
Rank has
called for the creation of a single tax rate for all UK betting and gaming. It
wants the seven different tax rates to be replaced by one of 15%.

A uniform rate would lower administrative costs of tax compliance and
collection, increase the country’s tax income and create onshore jobs, Rank said
in its report ‘Responsible Taxation – Fairness, Simplicity, Sustainability’.

Rank has recently fought the taxman in the courts over VAT.

Ian Burke, chief executive at Rank, said: “At the moment the gaming and
betting activities of UK consumers are subject to a patchwork quilt of taxation,
without any apparent logic or relationship to social policy.”

Rank disclosed a 20% rise in its 2009 profit to £48.5m.

Further reading:

Rank
claims back £26m VAT from the taxman

Rank
Group wins £62m VAT appeal

VAT
rebate for Rank

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