Proposal for casino tax eased
Tuesday 30 June 1998
The proposal is that the new top rate of tax, 40 per cent, will now apply only to gross gaming yield in excess of pounds 4.2m a year instead of pounds 2.9m.
In the Budget, Mr Brown had proposed changes which would raise revenue from the tax by pounds 25m pounds in a year. Tax of 2.5 per cent was to be payable on the first pounds 400,000 of gross gaming yield; 12.5 per cent on the next pounds 1m; 25 per cent on the next pounds 1.5m; and 40 per cent on the remainder.
Under the amendment, the 2.5 per cent tax band is raised to pounds 450,000 of gross yield; the next pounds 1m will be at 12.5 per cent; the next pounds 1m 20 per cent; the next pounds 1.75m 30 per cent; and the remainder 40 per cent. The amendment is expected to be debated in the Commons today.
- 1 The difference between a psychopath and a sociopath
- 2 It won’t work, Jeremy: The Health Secretary has lost the confidence of the medical profession in his attempt to reform the NHS
- 3 Uber's real-time nearby cars map is fake, data experts claim
- 4 Kim Jong-un awarded global statesmanship prize by Indonesia
- 5 Dutch King Willem-Alexander declares the end of the welfare state
Nasa discovers yet another rocky exoplanet, and it's only 21 light years away
Labour rallies behind Flint as deputy leader to offset a Corbyn win
Kim Jong-un awarded global statesmanship prize by Indonesia
Dutch King Willem-Alexander declares the end of the welfare state
Calais crisis: Migrants that have made it to the UK reveal how Britain has matched their expectations
Yvette Cooper: Our choice is years of Tory rule under Jeremy Corbyn – or a return to a Labour government
Is Britain really full up? Are migrants taking our jobs? Leading academic answers the most common anti-immigration claims
Calais Migrant Crisis: Deputy Mayor of Calais labels Cameron's use of 'swarm' as 'racist' and 'ignorant'
Labour leadership: New poll shows party is now even 'less electable' than under Ed Miliband
While we fixate on Calais, the Home Office is quietly deporting dozens of migrants on 'ghost flights'
Calais crisis: The seven claims made about the migrants - and the reality
iJobs Money & Business
£30000 - £35000 per annum: Recruitment Genius: This is an exciting opportunity...
£13000 - £15000 per annum: Recruitment Genius: Are you passionate about custom...
£22000 - £25000 per annum: Recruitment Genius: Main purpose: Under the directi...
£35000 - £37000 per annum + benefits : Ashdown Group: Contracts Manager - City...