Cable Forum - View Single Post - Chancellor delivers plan for stability, growth and public services

tweetiepooh · 18-11-2022, 09:55

Why don't they reintroduce the tax on winnings on gambling? Not the odd scheme where you chose to pay on stake or winnings but something simple like 10% on any single win over £1,000,000. (Take into account prizes split over years on a single stake.)
You could make the threshold higher if you think a million is too small. A few 10%'s of some of those big Euro wins would bring in quite a bit, not huge but every little helps and getting £144 million instead of £160 really won't hurt that much.
The change in capital gains is likely to hurt me a bit.

18-11-2022, 09:55	#31
tweetiepooh Virgin Media Employee Join Date: Sep 2005 Location: Winchester Services: Staff MyRates BB: VM 1Gb TV: VM XL Phone : VM XL Posts: 3,297	Re: Chancellor delivers plan for stability, growth and public services Why don't they reintroduce the tax on winnings on gambling? Not the odd scheme where you chose to pay on stake or winnings but something simple like 10% on any single win over £1,000,000. (Take into account prizes split over years on a single stake.) You could make the threshold higher if you think a million is too small. A few 10%'s of some of those big Euro wins would bring in quite a bit, not huge but every little helps and getting £144 million instead of £160 really won't hurt that much. The change in capital gains is likely to hurt me a bit. __________________ I work for VMO2 but reply here in my own right. Any help or advice is made on a best-effort basis. No comments construe any obligation on VMO2 or its employees.