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Betting Duty (Football Pools)

Volume 465: debated on Tuesday 24 May 1949

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63.

asked the Chancellor of the Exchequer whether it is the practice of Inland Revenue officers to check the taxation returns of football pool firms with the figures claimed to have been paid out by such firms in Press advertisements and circulars issued by them.

Football pool betting duty is charged on the total amount staked with the promoters: and there is no occasion to check the receipts with the amounts claimed to have been paid out as winnings.

64.

asked the Chancellor of the Exchequer the total number of football pool firms making weekly returns of revenue to his Department in the last week of the football pool season; the total amount received from such firms in taxation; and the number of firms whose weekly taxation obligation was less than £20, £50, £100, £200, £500 and £1,000, respectively.

The latest available figures are for the month of April. Returns were received from some 120 firms and pool betting duty amounting to £1,474,375 was collected. The answer to the last part of the Question is 61, 74, 89, 96, 102 and 106 respectively.