New Posts For Thread: Change of Government - Change in Tax?https://community.betfair.com/general_betting/go/thread/view/94082/23870130/change-of-government---change-in-tax1997 (i think) saw the tax abolished when placing bets with the high street bookmaker 7p or 9p in the pound.does anyone know if conservatives would bring this back??just interested.cheers and good luck.The English Government need to tax bookies to the hilt.It might make them bet up a bit, as they're a laughing stock at present.It makes me laugh when they say they'll come to Australia and show the bookies a thing or two.They wouldn't last 5 minuteshttps://community.betfair.com/general_betting/go/thread/view/94082/23870130/change-of-government---change-in-tax?post_id=430340518#430340518The English Government need to tax bookies to the hilt.It might make them bet up a bit, as they're a laughing stock at present.It makes me laugh when they say they'll come to Australia and show the bookies a thing or two.They wouldn't last 5 minutesSat, 24 Apr 2010 22:59:48 -0500People seem to forget that bookies "paid" for the original 2½% betting taxby changing the place odds from a THIRD/QUARTER to FIFTH/QUARTER.https://community.betfair.com/general_betting/go/thread/view/94082/23870130/change-of-government---change-in-tax?post_id=430340514#430340514People seem to forget that bookies "paid" for the original 2½% betting taxby changing the place odds from a THIRD/QUARTER to FIFTH/QUARTER.Sat, 24 Apr 2010 21:35:23 -0500Alex the old wrinkled retainer 23 Apr 07:24 Betting tax was abolished but the bookies got hit with a premium rate of Corporation Tax, a largely fiscal neutral switch. So you are still paying it except that it is reflected in the overround Overoundhttps://community.betfair.com/general_betting/go/thread/view/94082/23870130/change-of-government---change-in-tax?post_id=430340510#430340510Alex the old wrinkled retainer 23 Apr 07:24 Betting tax was abolished but the bookies got hit with a premium rate of Corporation Tax, a largely fiscal neutral switch. So you are still paying it except that it is reflected in the overround OveroundFri, 23 Apr 2010 18:57:30 -0500The bookies had no idea how to price anything up was the flip side History Maker.https://community.betfair.com/general_betting/go/thread/view/94082/23870130/change-of-government---change-in-tax?post_id=430340506#430340506The bookies had no idea how to price anything up was the flip side History Maker.Fri, 23 Apr 2010 05:15:14 -0500Thanks for bringing me up to speed with that brendanuk1. The last time I looked at that was when I was standing up to do a talk on the 1997 budget.https://community.betfair.com/general_betting/go/thread/view/94082/23870130/change-of-government---change-in-tax?post_id=430340502#430340502Thanks for bringing me up to speed with that brendanuk1. The last time I looked at that was when I was standing up to do a talk on the 1997 budget.Fri, 23 Apr 2010 04:57:44 -0500Here is the way they do it currently. Its called betting duty. Not on profits but on commision etc. When introduced it was meant to gain more revenue than the betting tax after the first few years as the industry grew. Revenue from betting duty was ohttps://community.betfair.com/general_betting/go/thread/view/94082/23870130/change-of-government---change-in-tax?post_id=430340498#430340498Here is the way they do it currently. Its called betting duty. Not on profits but on commision etc. When introduced it was meant to gain more revenue than the betting tax after the first few years as the industry grew. Revenue from betting duty was oFri, 23 Apr 2010 04:41:18 -0500Betting tax was abolished but the bookies got hit with a premium rate of Corporation Tax, a largely fiscal neutral switch. So you are still paying it except that it is reflected in the overround.https://community.betfair.com/general_betting/go/thread/view/94082/23870130/change-of-government---change-in-tax?post_id=430340494#430340494Betting tax was abolished but the bookies got hit with a premium rate of Corporation Tax, a largely fiscal neutral switch. So you are still paying it except that it is reflected in the overround.Fri, 23 Apr 2010 01:24:07 -0500well the bookies were packed :) , certainly can't believe anyone won though.https://community.betfair.com/general_betting/go/thread/view/94082/23870130/change-of-government---change-in-tax?post_id=430340490#430340490well the bookies were packed :) , certainly can't believe anyone won though.Thu, 22 Apr 2010 23:17:49 -0500Christ. Can't believe that anyone even had a bet in those days.https://community.betfair.com/general_betting/go/thread/view/94082/23870130/change-of-government---change-in-tax?post_id=430340486#430340486Christ. Can't believe that anyone even had a bet in those days.Thu, 22 Apr 2010 19:16:31 -0500It was 9p the last few years of it , more annoying than the 10p when you were trying to work stakes out in a hurryhttps://community.betfair.com/general_betting/go/thread/view/94082/23870130/change-of-government---change-in-tax?post_id=430340482#430340482It was 9p the last few years of it , more annoying than the 10p when you were trying to work stakes out in a hurryThu, 22 Apr 2010 18:08:51 -0500