§ Mr. Michael McNair-Wilsonasked the Chancellor of the Exchequer what is the total amount of taxation levied from all forms of racing; and if he will break the figure down between horse and greyhound racing.
§ Mr. Robert SheldonIn 1974–75 the general betting duty yielded £131.4 million, mostly from bets on racing. Duty 305W received from on-course betting amounted to £9.9 million, of which £6.1 million is estimated to have come from bets on greyhound racing and £3.8 million almost entirely from horse race betting. Duty received from off-course betting amounted to £121.5 million. The proportions derived from the different forms of off-course betting is not known, but it is estimated that about £90 million came from horse racing and £31.5 million from greyhound racing and other forms of betting.
§ Mr. Gouldasked the Chancellor of the Exchequer what rate of betting tax is charged on bets in football pools, greyhound racing and horse racing, respectively; and what sums are returned to the Football League and Football Association, the greyhound racing industry and the horse racing industry.
§ Mr. Robert SheldonThe current rate of pool betting duty is 40 per cent., except in the case of pools registered under the Pools Competition Act 1971 which pay at the rate of 33⅓ per cent. on the net amount received by the promoter after deduction of the sums paid by competitors as contributions to the benefiting fund.
Betting on greyhound races and horse races is subject to general betting duty, the current rate of which is 4 per cent. for bets made on-course and 7½ per cent. for off-course bets.
None of the duty collected is returned to the Football League or the Football Association, the greyhound racing industry or the horse racing industry.