HC Deb 30 January 1959 vol 598 cc157-8W
Mr. Lewis

asked the Chancellor of the Exchequer whether he will give the return to the Treasury in the last financial year from the proceeds of the 10 per cent. pool betting duty on greyhound racing; and, taking account of the increased revenue he would receive as a result of increased profits tax on track company profits, and of the increased revenue re- sulting from extra taxation on shareholders' dividends, what he estimates the net loss to the Treasury would be in the current year if this 10 per cent. tax were abolished.

Mr. Erroll

The yield from this duty in 1957–58 was £6,050,543. As to the second part of the Question, my right hon. Friend cannot make the estimate since it is conjectural how far the abolition of the duty would result in increased turnover on totalisators at dog tracks and hence in greater profits subject to direct taxation.