§ Lord Burnhamasked Her Majesty's Government:
What was the total annual amount which accrued to the Treasury as a result of betting duty (a) before 28 November 1995; and (b) in the following year.
§ Lord McIntosh of HaringeyThe table below shows receipts for calendar years 1995 and 1996, the periods which correspond most closely to the accruals periods requested.
£ million Years General Betting Duty Pools Duty Total Duty 1995 501.3 242.1 743.4 1996 448.5 130.9 579.4 For general betting duty, the figures shown for each year represent duty on monies staked for the year to end November. The rate of duty was 7.75 per cent. prior to 1 March 1996 and 6.75 thereafter. For pools, the 1995 figure represents duty on moneys staked from late December 1994 to late December 1995. Because of a change from weekly to monthly payment, the 1996 figure represents duty on stakes for late December 1995 to end November 1996. The rates of duty were 37.5 per cent. from August 1991; 32.5 per cent. from 6 May 1995; 27.5 per cent. from 3 December 1995 and 26.5 per cent. from 5 May 1996.