Finance Act 2007 (c. 11)

Part 1 U.K. Charges, rates, thresholds etc

Gambling U.K.

7 Rates of gaming duty U.K.

(1) For the Table in section 11(2) of FA 1997 substitute—

“Table

Part of gross gaming yield	Rate
The first £1,836,500	15 per cent.
The next £1,266,000	20 per cent.
The next £2,217,500	30 per cent.
The next £4,680,000	40 per cent.
The remainder	50 per cent.”

(2) In section 11(3) of that Act, for “40 per cent” substitute “ 50 per cent ”.

(3) The amendments made by this section have effect in relation to accounting periods beginning on or after 1st April 2007.