7Rates of gaming dutyU.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.