Question to the HM Treasury:
To ask the Chancellor of the Exchequer, pursuant to the Answer of 19 February 2019 to Question 220074 on Football Pools: Excise Duties, what evidence his Department has to make an assessment of the effect of product switching if pools betting duty were to be reduced to 10 per cent.
Pool Betting Duty extends beyond the Football Pools to bets made not at fixed odds (other than horse or dog racing). This means that a range of products are currently subject to the Duty and there is potential for products to be developed in future to come within its scope in order to benefit from a lower rate.