United Kingdom

Details

  • Service: Tax, Budget 2014
  • Type: Press release
  • Date: 19/03/2014

Budget 2014: It’s Number Ten, David’s Den, for Bingo operators 

Wednesday 19th March 2014

Bingo duty cut could allow operators to increase value of prizes and reduce costs of playing games.

Commenting on news that bingo duty is to be cut to 10% KPMG Indirect Tax Partner Mike Camburn said: “The Chancellor has recognised the number of bingo halls has fallen dramatically in the last thirty years and so his response is good news for the leisure sector.


“Bingo has suffered as a result of the smoking ban and has been through some tough times so the reduction in duty will be welcomed by the industry. In principle this will allow operators to increase the value of prizes and reduce costs of playing games.


“Combined with the penny per pint cut in beer duty and a freeze on Scottish whisky and cider this should be a real boost for the sector.”


Chancellor of the Exchequer George Osborne told the House the number of bingo halls in Britain had plummeted by three quarters in thirty years.

-Ends-


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For further information please contact:

KPMG Press office
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PR MANAGER Richard Lakin, KPMG Corporate Communications


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richard.lakin@kpmg.co.uk


About KPMG:

 

KPMG LLP, a UK limited liability partnership, is a subsidiary of KPMG Europe LLP and operates from 22 offices across the UK with approximately 11,500 partners and staff.  The UK firm recorded a turnover of £1.8 billion in the year ended September 2013. KPMG is a global network of professional firms providing Audit, Tax, and Advisory services. It operates in 155 countries and has 155,000 professionals working in member firms around the world. The independent member firms of the KPMG network are affiliated with KPMG International Cooperative ("KPMG International"), a Swiss entity.  Each KPMG firm is a legally distinct and separate entity and describes itself as such.

 

 

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Richard Lakin

PR Manager

KPMG in the UK

020 7694 8773

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