Football Pools: Taxation
(asked on 5th September 2019) - View Source
Question to the HM Treasury:
To ask the Chancellor of the Exchequer, if he will make an assessment of the equity of the level of tax on the football pools industry.
This question was answered on 9th September 2019
The football pools industry is subject to Pool Betting Duty (PBD). PBD also covers a range of gambling activity beyond the football pools. PBD is charged at 15% on gross profits (stakes minus prizes), which is the same rate as for general betting. This has been constant since 2002.
All taxes are kept under review and the rate of PBD is considered as part of the Budget process.