The Daily Mail in the United Kingdom has joined in the call for the punitive extra tax on Bingo Halls to be dropped.
We are of course talking about the extra 5% tax that bingo halls pay in comparison to other forms of gambling if bingo is considered gambling.
Bingo players can read the Daily Mail article which points out the advantages of the proposed tax-cut. The Government has been asked to cut the rate of VAT from 20% to the rate of 15% which all other forms of gambling games enjoy.
The new Point of Consumption tax will also provide HM Revenue with a new stream of income meaning that all the offshore gambling companies will now have to pay UK tax on wagers made.
A huge part of the UK Gambling industry has relocated to places like Gibraltar and the Isle of Man due to favourable tax breaks that companies enjoy.
This is about to end with the introduction of the new tax which will ultimately benefit the UK.
Companies like William Hill who run the massively popular William Hill Bingo and Ruby Bingo rooms online have in the last few years relocated major parts of their online operations in these friendly areas.
The result of this is that the UK public is the loser in this as no revenues and jobs are gained from UK Bingo play. This is about to change and rightly so.
Another compelling argument within the article states that by levelling the tax playing field, Bingo Hall owners will be able to reinvest in their Clubs and grow the popularity of the game.
That would mean extra jobs and more players coming in, which in turn boosts revenue even further for the tax man.
It does all rather seem really simple when adding up the numbers and seeing where the advantage lies. Please, Mr Osborne, do the right thing at the right time and heed the Boost Bingo call from members of the public and indeed from your own party members.
The fact of the matter is that Bingo is a widely enjoyed social game that provides many people across the United Kingdom with entertainment.
Taxing it unfairly is like killing the goose that laid the golden egg.
