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Dec
11
2009
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What a little Darling, the little is the reduction in the bingo tax! |
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Written by Claudine
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Friday, 11 December 2009 |
Alistair Darling  It has been constantly reported that the high street bingo industry is suffering due to the huge hike in taxation that the Chancellor imposed in the 2009 spring budget. This exorbitant rate of taxation now appears to be in the process of being reviewed, with the Chancellor informing the commons in a pre-budget report that the bingo tax will be reduced from the current 22% to a slightly improved 20% Gross Profit Tax in 2010. Though this small amount is a drop in the ocean compared to what the industry has been seeking, it will still be very welcome to some troubled bingo halls.
The Bingo Industry and bingo players have been pulling out all the stops with petitions, rallies and letters to MP’s, now it seems the government is finally taking note and deciding to help the bingo industry a little. Although this small sum will not keep the wolf away from the bingo industry door, The Bingo Association ‘welcomes the reduction in GPT from 22% to 20%’, however they have pledged on their site to carry on ‘the fight ‘with their ultimate aim ‘to get bingo back to the 15% rate of GPT that it was paying before the budget 2009 and paying the same rate of GPT as other gambling sectors.‘ Ian Burke The Chief Executive of Mecca Bingo's parent Rank said "It is still not clear why Britain's bingo clubs should be subject to a higher tax rate than that applied to other gaming and betting." We would like to remind Online Bingo Bliss readers that they can help with the I’m Backing Bingo campaign by visiting the official site and following all the measures that the Bingo Association and big name Bingo companies like Gala Bingo and Mecca Bingo recommend. |
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