PARLIAMENTARY WRITTEN QUESTION
Football Pools: Excise Duties (16 October 2019)
Question Asked
To ask the Chancellor of the Exchequer, if he will reduce pool betting duty from 15 per cent to 10 per cent.
Asked by:
Sir John Hayes (Conservative)
Asked by:
Sir John Hayes (Conservative)
Answer
The Government has no current plans to reduce Pool Betting Duty. Reducing it to 10% is likely to have a negligible effect on The Football Pools, but could put revenue at risk particularly through incentivising the switching of products from fixed odds bets to pooled bets.
HM Treasury however keeps all taxes, including Pool Betting Duty, under active review.
Answered by:
Sir Simon Clarke (Conservative)
22 October 2019
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