HC Deb 22 February 1955 vol 537 c131W
Mr. Lewis

asked the Chancellor of the Exchequer if he is aware that the pools investor has to pay a pool betting duty on all investments made on football pools whereas those who invest on the Stock Exchange pay no such duty; and whether he will consider introducing a tax on all investments made in stocks and shares and capital gains resulting there from.

Mr. R. A. Butler

While I cannot admit the comparison made by the hon. Member, I would remind him that the yield from the Stamp Duties on Stock Exchange transactions was £20.2 million in 1953–54, compared with £21.6 million from football pools. The Royal Commission on the Taxation of Profits and Income has, I understand, been examining this question, and I have no statement to make on this subject.