UK Bingo still subject to double taxation
The UK bingo industry is still battling to reduce the unfair “double taxation burden”. However, despite the efforts of leading providers such as Mecca bingo, the Department of Culture Media and Sport (DCMS) continues to be slow to provide any official support.
The bingo industry is calling for changes in current taxation laws. Bingo is the only game which is subject to 15% gaming duty and 17.5% VAT. Although reports have been released which state that the DCMS is “understood” to be backing the effort, no official moves have yet been made.
The bingo industry is showing worrying signs as Gala Coral have admitted this week that closure is a possibility for five clubs across England and Scotland. The most worrying element of the closures go ahead is the impact on employment.
Head of Investor Relations for Rank Group, Dan Waugh, has A DCMS spokesperson has stated that there has been noticeable support amongst MPs for the lobbying led by Mecca Bingo. All 102 clubs have invited local MPs and invited them to visit; 42 requests have been accepted, with more arranged for the near future.
Source: UK Bingo still subject to double taxation
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