Darling’s announcement of a 2% reduction in the rate of bingo duty (to 20%) was the (apparent) good news. However, the fact that such reduction is to take effect from a date to be announced in next year’s Spring Budget is very disappointing. So the Chancellor’s headline-grabbing comment (which got one of the biggest cheers from the Commons) will give no immediate relief for the struggling Bingo industry.
And what of the new rate of GPT on machines? The detailed press releases that have just gone live on the HMRC and HM Treasury websites appear to make no mention of the new replacement for AMLD. Perhaps by announcing the new bingo rate of 20%, the Chancellor was laying down a precedent for the new duty that is expected to apply to FOBTs and other machines (which, one assumes, will now be announced next Spring)?