Betting and gaming dutiesU.K.
6 General betting dutyU.K.
(1)Schedule 1 to this Act (which makes provision about general betting duty) has effect.
(2)This section shall come into force in accordance with such provision as the Commissioners of Customs and Excise may make by order made by statutory instrument.
Subordinate Legislation Made
P1S. 6(2) power fully exercised: 6.10.2001 appointed by S.I. 2001/3089, art. 2
7 Rates of gaming dutyU.K.
(1)For the table in section 11(2) of the Finance Act 1997 (c. 16) (rates of gaming duty) substitute—
TABLE
| Part of gross gaming yield | Rate |
|---|---|
| The first £484,500 | 2.5 per cent. |
| The next £1,076,000 | 12.5 per cent. |
| The next £1,076,000 | 20 per cent. |
| The next £1,883,500 | 30 per cent. |
| The remainder | 40 per cent. |
(2)This section has effect in relation to accounting periods beginning on or after 1st April 2001.