Budget leaves bingo halls under threat

The bingo industry has responded with “disbelief” that today’s (Wednesday) Budget included nothing to ease its tax burden. The future of many of the UK’s bingo halls is now under threat, the Bingo Association says.

There was dismay at the Chancellor’s decision not to remove VAT from bingo charges but rather to increase the tax costs for the industry by raising amusement machine duty.

Bingo hall owners Gala Coral and Rank lobbied the Government prior to the Budget to reduce their tax liability. Gala Coral chief executive Neil Goulden warned that the company would be forced to close halls if the Chancellor did not reduce what is effectively double taxation on the industry, in the form of 15% tax on gross profits as well as 17.5% VAT.

Gala Coral says it is “extremely disappointed the Chancellor did not listen to the bingo industry”.

Bingo Association chief executive Paul Talboys says: “This is a slap in the face for bingo players. There is no reason why they should be penalised by double taxation when other gambling products pay only a single tax.”

In the last fourteen months 43 bingo clubs have closed. Talboys says the lack of action in the Budget will now ensure more club closures. A further 108 clubs have been identified as at risk of closure.

Latest from Marketing Week

NOT REGISTERED? IT'S FREE, QUICK AND EASY!

Access Marketing Week’s wealth of insight, analysis and opinion that will help you do your job better.

Register and receive the best content from the only UK title 100% dedicated to serving marketers' needs.

We’ll ask you just a few questions about what you do and where you work. The more we know about our visitors, the better and more relevant content we can provide for them. And, yes, knowing our audience better helps us find commercial partners too. Don't worry, we won't share your information with other parties, unless you give us permission to do so.

Register now

THE BEST CONTENT

Our award winning editorial team (PPA Digital Brand of the Year) ask the big questions about the biggest issues on everything from strategy through to execution to help you navigate the fast moving modern marketing landscape.

THE BIGGEST ISSUES

From the opportunities and challenges of emerging technology to the need for greater effectiveness, from the challenge of measurement to building a marketing team fit for the future, we are your guide.

PERSONAL AND PROFESSIONAL DEVELOPMENT

Information, inspiration and advice from the marketing world and beyond that will help you develop as a marketer and as a leader.

Having problems?

Contact us on +44 (0)20 7292 3711 or email subscriptions@marketingweek.com

If you are looking for our Jobs site, please click here