HC Deb 13 December 1928 vol 223 c2328
52. Sir B. PETO

asked the Chancellor of the Exchequer the yield of the Betting Duty for the year ending 31st October, 1928, on the amount of racecourse betting at 2 per cent. and on starting-price betting at 3½ per cent., and the total turnover on which the duty has been paid in each ease?


For figures of the yield of the duty on bets at the different rates, I would refer my hon. Friend to the answer given to the hon. Member for the Central Division of Southwark (Mr. Day) on 19th November, and I would remind him that as from 1st October, 1928, the rates of duty were reduced from 3½ per cent. and 2 per cent. to 2 per cent. and 1 per cent. respectively. The net turnover corresponding to the yield at the different rates is as follows:—

Rate. Turnover.
1 per cent. 3,900,000
2 per cent. 44,625,000
3½ per cent 38,500,000
Total £87,025,000