Finance Act 2007, Paragraph 18 is up to date with all changes known to be in force on or before 01 March 2025. There are changes that may be brought into force at a future date. Changes that have been made appear in the content and are referenced with annotations.
18(1)Section 11 (rate of gaming duty) is amended as follows.U.K.
(2)In paragraph (b) of subsection (10), for “the value, in money or money's worth, of the winnings paid” substitute “ the value of the prizes provided ”.
(3)After that subsection insert—
“(10A)Subsections (2) to (6)(a) of section 20 of the Betting and Gaming Duties Act 1981 (expenditure on bingo winnings: valuation of prizes) apply, with any necessary modifications, for the purposes of gaming duty as they apply for the purposes of bingo duty.”
(4)In subsection (11), for “(10)” substitute “ (10A) ”.
Commencement Information
I1Sch. 25 para. 18 in force at 1.9.2007 by S.I. 2007/2532, art. 2
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