Reduction in bingo duty
The measure
Reduction in bingo duty from 22% to 20%
Who will be affected?
Bingo clubs
When?
Full details will be published in Budget 2010
Our view
This is a welcome announcement in an industry that has suffered an increasing burden of taxation. Earlier this year, the Government had increased bingo duty from 15% to 22%. The 2% reduction will create a saving of about £10m for the industry.
