The Budget 2014: Reaction on Gambling

Jonathan Main, PwC's head of indirect tax in the North talks about the reduction in bingo duty, the increase of duty rate for fixed odds betting terminals and the consultation to extend the horse race betting levy to bookmakers who are based offshore

Bingo
Bingo

Budget 2014: PwC comments on the reduction in bingo duty to 10%

Jonathan Main, PwC's head of indirect tax in the North said:

"The surprise halving of bingo duty to 10% brings the rate below the level applied to sports betting and will certainly be welcomed by the bingo industry which has been lobbying hard for a change. The industry is still feeling the affects of the smoking ban and this reduction will have a significant impact on future investment in bingo halls."

Budget 2014: PwC comments on the consultation to extend the horse race betting levy to bookmakers who are based offshore

Jonathan Main, PwC's head of indirect tax in the North, said:

"Offshore betting businesses have been bracing themselves for the introduction of a duty based on the winnings derived from UK customers at the end of 2014. The introduction of the levy at 10.75% to offshore operators would add additional pain for those that don't already make a voluntary contribution."

Budget 2014: PwC comments on the increase of duty rate for fixed odds betting terminals

Jonathan Main, PwC's head of indirect tax in the North said:

"The proliferation of fixed odds betting terminals on the high street have been subject to much political discussion and the increase of the duty rate from 20% to 25% must be seen as the Chancellor's reaction to this debate."

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