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Finance Act 2014
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Finance Act 2014, Section 124 is up to date with all changes known to be in force on or before 01 November 2024. 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.
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- Sch. 6 para. 1(2)-(2B) substituted for Sch. 6 para. 1(2) by S.I. 2024/1012 reg. 15(3)
- Sch. 31 para. 2(3)(b) inserted by 2017 c. 32 Sch. 14 para. 45(2)(a)(iii)
- Sch. 31 para. 2(4A) inserted by 2017 c. 32 Sch. 14 para. 45(2)(c)
- Sch. 31 para. 3(1A) inserted by 2017 c. 32 Sch. 14 para. 45(3)(b)
- Sch. 31 para. 5(b) inserted by 2017 c. 32 Sch. 14 para. 45(4)(c)
- Sch. 31 para. 2(3)(a) words inserted by 2017 c. 32 Sch. 14 para. 45(2)(a)(ii)
- Sch. 31 para. 5(a) words inserted by 2017 c. 32 Sch. 14 para. 45(4)(b)
- Sch. 31 para. 2(3)(a) words renumbered as Sch. 31 para. 2(3)(a) by 2017 c. 32 Sch. 14 para. 45(2)(a)(i)
- Sch. 31 para. 5(a) words renumbered as Sch. 31 para. 5(a) by 2017 c. 32 Sch. 14 para. 45(4)(a)
- Sch. 32 para. 1(2)(b) inserted by 2017 c. 32 Sch. 14 para. 46(2)(a)(iii)
- Sch. 32 para. 1(3A) inserted by 2017 c. 32 Sch. 14 para. 46(2)(c)
- Sch. 32 para. 1(2)(a) words inserted by 2017 c. 32 Sch. 14 para. 46(2)(a)(ii)
- Sch. 32 para. 1(2)(a) words renumbered as Sch. 32 para. 1(2)(a) by 2017 c. 32 Sch. 14 para. 46(2)(a)(i)
124Rates of machine games dutyU.K.
This section has no associated Explanatory Notes
(1)Schedule 24 to FA 2012 is amended as follows.
(2)For paragraph 5 substitute—
“5“Types of machine
(1)Machines are divided into three types for the purposes of machine games duty.
(2)A machine is a “type 1 machine” if it can be demonstrated that—
(a)the highest charge payable for playing a dutiable machine game on the machine does not exceed 20p, and
(b)the maximum amount of cash that can be won from playing a dutiable machine game on the machine does not exceed £10.
(3)A machine is a “type 2 machine” if—
(a)it is not a type 1 machine, and
(b)it can be demonstrated that the highest charge payable for playing a dutiable machine game on the machine does not exceed £5.
(4)Any other machine is a “type 3 machine”.
(5)The Treasury may by order substitute for a sum for the time being specified in sub-paragraph (2)(a) or (b) or (3)(b) such higher sum as may be specified in the order.”
(3)For paragraph 6(2) substitute—
“(2)The amount of the duty is found by—
(a)applying the lower rate to the person's total net takings in the accounting period for type 1 machines,
(b)applying the standard rate to the person's total net takings in the accounting period for type 2 machines,
(c)applying the higher rate to the person's total net takings in the accounting period for type 3 machines, and
(d)aggregating the results.”
(4)For paragraph 9 substitute—
“9“The rates
(1)The lower rate is 5%.
(2)The standard rate is 20%.
(3)The higher rate is 25%.
(4)If a rate changes during an accounting period—
(a)the old rate is to be applied to the person's total net takings in the part of the period before the change, and
(b)the new rate is to be applied to the person's total net takings in the part of the period after the change.
(5)If it is not possible to identify for the purposes of sub-paragraph (4) the part of the period to which an amount relates, it is to be apportioned on a just and reasonable basis.”
(5)The Machine Games Duty (Types of Machine) Order 2014 (S.I. 2014/47) is revoked.
(6)The amendments and revocation made by this section have effect in relation to the playing of machine games on or after 1 March 2015.
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