|
| Position in 2000
| Modernisation Programme
|
| | Change
| New Tax system | Date of change
| Background to reform |
|
| Lottery Duty | 12% on stakes
| No change | — | —
| — |
| General Betting Duty | 6¾% on stakes
| Change to tax base and rate | 15% GPTi
| 6 October 2001 | Development of phone and internet betting had led to offshore bookmakers undercutting UK businesses.
|
| Pool Betting Duty | 17.5% on stakes (+6% of turnover
to sports and arts foundations)
| Change to tax base and rate | 15% GPT ii
| 31 March 2002 | Decline of pools industry following introduction of National Lottery; expiry of agreement regarding funding of foundations for sports/arts.
|
| Bingo Duty | 10% on stakes plus duty of 1/9th on added prize
money; VAT on participation and admission fees.
| Change to tax base and rate | 15% GPT +VAT on participation/admission fees
| 27 October 2003 | Steady decline of bingo industry. Reform needed to encourage growth and deliver better value for player.
|
| Amusement Machine Licence Duty | Licence Fee £250—£1,860 per machine per annum. VAT
on gross profits
| Consultation
on reform in 2003. Currently under consideration.
| — | — |
|
| Gaming Duty | Banded Gross Profits system.
Rates ranging from 2.5% to 40% VAT
on participation fees for card rooms.
| No change | — | —
| |
|
