Burnham-On-Sea Pavilion owner voices concern over proposed hike in gambling taxes
The owner of Burnham-On-Sea Pavilion warns that doubling machine gaming duty to 40% would be devastating for seaside businesses.Summary
Charles Holland, whose family firm J Holland and Sons operates seven arcades in the south west including Burnham-On-Sea Pavilion, has voiced serious concern that the Chancellor's proposal to double machine gaming duty to 40% during next month's Budget would severely impact businesses like his. Holland explained that unlike other businesses, he cannot raise prices because maximum stakes and prizes are fixed by the Government, so the increased tax would force reduced opening hours and potentially closures. The Treasury responded that the Chancellor is focused on giving families and businesses breathing space and driving growth. The Pavilion, known as Britain's shortest pier, has been run by J Holland and Sons since the family purchased it from the Parkin family in 2017.
(Source：Google News)