Mecca Bingo owner
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.
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
The EC has been instructed to draft a European Union (EU) directive authorising an EU financial transaction tax, which would apply to ten of the EU’s 28 member states