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Customs have published a consultation document entitled 'The modernisation of gambling taxes: consultation on the evaluation of the gross profits tax on betting - one year on'. It invites bookmakers, punters and others with an interest to provide feedback about how the new tax system, introduced on 6 October 2001, has worked in practice.
Customs have published a consultation document entitled 'The modernisation of gambling taxes: consultation on the evaluation of the gross profits tax on betting - one year on'. It invites bookmakers, punters and others with an interest to provide feedback about how the new tax system, introduced on 6 October 2001, has worked in practice.
The document provides an overview of the Government's approach to gambling taxation. It then goes on to look at the reform of betting tax, setting out why changes were introduced; indications of policy performance to date; and it provides a framework for responding to this review.
The deadline for responses to the consultation document is 31 December 2002. Copies of the document can be obtained from Customs website: www.hmce.gov.uk, or by telephoning 020 7865 4701.
(Source: Customs Business Brief 28/2002 dated 6 November 2002.)
