§ Mr. Heathcoat-AmoryTo ask the Chancellor of the Exchequer what representations he has received from the casino industry on the proposed increase in gaming duty. [38110]
§ Dawn PrimaroloThe Chancellor of the Exchequer has received several representations from the casino industry about the impact of the gaming duty changes, mainly on the larger London clubs.
§ Mr. Heathcoat-AmoryTo ask the Chancellor of the Exchequer (1) what estimate he has made of the impact on the profitability of British casino companies of the increase in gaming duty announced in the Budget; [38108]
(2) what assessment he has made of the economic impact of the increase in gaming duty announced in the Budget. [38109]
§ Dawn PrimaroloOverall the casino industry is undertaxed compared to most other betting and gaming sectors when looked at in terms of the effective rate of tax on the net consumer spend (broadly equivalent to the house winnings). In determining the changes to the duty 247W rates and thresholds careful consideration was given to the overall profitability of the industry as well as the likely impact on casino companies, taking account of their turnover, profitability, location and ability to bear the cost of the increase. The increase in gaming duty will raise £25 million in the first full year.