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