Select committee: Treasury Committee

Budget 2025

Closed Opened 13 Oct 2025 Closed 23 Jan 2026

Where it stands

The inquiry is closed, opened 13 October 2025.

The committee has published 1 report, most recently 14th Report – Taxation of gambling on 7 November 2025.

The government's response

Published 22 January 2026. The deadline was 7 January 2026.

Summary written by Accountability Index from the government's response. It is not the government's own words.

The government's response sets out and defends its Budget 2025 gambling duty changes, which it says it is making to raise over £1 billion per year, and describes them as a "balanced approach".

  • The government says that, like the committee, it recognises that online gambling "has grown rapidly in recent years".
  • The rate for remote gaming will increase from 21% to 40% from 1 April 2026.
  • The rate for remote betting will increase from 15% to 25% from 1 April 2027.
  • There will be "no tax changes for bets on UK horseracing or in person gambling", and Bingo Duty will be abolished from 1 April 2026.

Read the government's response ↗ Report an error

Reports

1 report

Oral evidence sessions

8 sessions

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Date Session and witnesses Source
10 Dec 2025
Oral evidence
Dharmesh Nayee · HM Treasury, James Bowler · HM Treasury, Rt Hon Rachel Reeves MP · HM Treasury
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3 Dec 2025
Oral evidence
Dr Peder Beck-Friis · PIMCO, Helen Miller · Institute for Fiscal Studies, Professor Tera Allas CBE · The Productivity Institute, Ruth Curtice · Resolution Foundation
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2 Dec 2025
Oral evidence session
Professor David Miles CBE · Office for Budget Responsibility, Tom Josephs · Office for Budget Responsibility
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12 Nov 2025
Budger 2025: Property taxes
Kate Willis · Chartered Institute of Taxation, Kirstie Allsopp (TV Presenter and property expert), Professor Tim Leunig · Public First Consulting, Richard Donnell · Zoopla
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5 Nov 2025
Oral evidence session
Rt Hon. George Osborne, former Chancellor of the Exchequer, Rt Hon. Sir Vince Cable, former Secretary of State for Business and Trade
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29 Oct 2025
Budget 2025: Child poverty
Dr Jonathan Cribb · Institute for Fiscal Studies, Professor Kitty Stewart · London School of Economics (LSE), Sophie Howes · Child Poverty Action Group
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28 Oct 2025
Budget 2025: Gambling taxation
Carsten Jung · Institute for Public Policy Research, Dr Theo Bertram · Social Market Foundation, Grainne Hurst · Betting and Gaming Council, Stephen Hodgson · Betting and Gaming Council, Stewart Kenny · Paddy Power
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14 Oct 2025
Budget 2025: Tax
Dan Neidle · Tax Policy Associates, Dr Arun Advani · Centre for the Analysis of Taxation (CenTax), Helen Miller · Institute for Fiscal Studies, Ruth Curtice · Resolution Foundation
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Who gave evidence

25 witnesses

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WitnessOrganisationSessions
Helen Miller · Director Institute for Fiscal Studies 2
Ruth Curtice · Chief Executive Resolution Foundation 2
Carsten Jung · Interim associate director for economic policy and AI Institute for Public Policy Research 1
Dan Neidle · Founder Tax Policy Associates 1
Dharmesh Nayee · Director of Strategy, Planning and Budget HM Treasury 1
Dr Arun Advani · Director Centre for the Analysis of Taxation (CenTax) 1
Dr Jonathan Cribb · Deputy Director Institute for Fiscal Studies 1
Dr Peder Beck-Friis · Economist PIMCO 1
Dr Theo Bertram · Director Social Market Foundation 1
Grainne Hurst · Chief Executive Betting and Gaming Council 1
James Bowler · Permanent secretary to the Treasury HM Treasury 1
Kate Willis · Property Taxes Technical Officer Chartered Institute of Taxation 1
Kirstie Allsopp (TV Presenter and property expert) Not recorded 1
Professor David Miles CBE · Member, Budget Responsibility Committee Office for Budget Responsibility 1
Professor Kitty Stewart · Professor of Social Policy London School of Economics (LSE) 1
Professor Tera Allas CBE · Chair of Advisory Committee The Productivity Institute 1
Professor Tim Leunig · Director of Economics Public First Consulting 1
Richard Donnell · Executive Director Research Zoopla 1
Rt Hon Rachel Reeves MP · Chancellor of the Exchequer HM Treasury 1
Rt Hon. George Osborne, former Chancellor of the Exchequer Not recorded 1
Rt Hon. Sir Vince Cable, former Secretary of State for Business and Trade Not recorded 1
Sophie Howes · Head of Policy Child Poverty Action Group 1
Stephen Hodgson · Chair of Tax Committee Betting and Gaming Council 1
Stewart Kenny · Retired Co-founder Paddy Power 1
Tom Josephs · Member, Budget Responsibility Committee Office for Budget Responsibility 1

Meetings & visits

3 items

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DateTypeDetailSource
8 Dec 2025 Informal meeting Private meeting · The Wilson Room, Portcullis House
1 Dec 2025 Formal meeting (private meeting) Private meeting · The Wilson Room, Portcullis House
19 Nov 2025 Formal meeting (private meeting) Private meeting · The Thatcher Room, Portcullis House