§ Mr. BoyesTo ask the Chancellor of the Exchequer what calculations the Treasury has made as to the potential loss in tax revenue from licensed betting offices as a consequence of competition from the national lottery.
§ Sir John CopeA duty rate of 12 per cent. is to apply to national lottery stakes. This rate has been set so as broadly to offset the anticipated revenue loss from expenditure diverted from other taxed goods. Any attempt to apportion this revenue loss between different taxes would be purely speculative.