Finance (No. 2) Act 1975

3 Bingo duty

(1) In section 17(2) of the [1972 c. 25.] Betting and Gaming Duties Act 1972 (amount of bingo duty)—

(a) for "2 ½ per cent." (in both places) there shall be substituted " 5 per cent. "; and

(b) for " one thirty-ninth " there shall be substituted " one-nineteenth ".

(2) In paragraph 5(2) of Schedule 3 to that Act (exemption for small-scale amusements provided commercially)—

(a) in paragraphs (a) and (c), for " 5p" there shall be substituted " l0p "; and

(b) in paragraph (b), for " £2.50 " there shall be substituted " £5.00 ".

(3) In Part I of that Schedule there shall be inserted after paragraph 6—

“Power to increase limits of exemptions

6A(1) The Commissioners may by order made by statutory instrument provide that any provision of this Part of this Schedule which is specified in the order and which mentions a sum shall have effect (whether as from a date so specified or in relation to events taking place on or after a date so specified) as if for that sum there were substituted such larger sum as may be specified in the order.

(2) An order under this paragraph may be varied or revoked by a subsequent order.

(3) Any statutory instrument containing an order under this paragraph shall be subject to annulment in pursuance of a resolution of the House of Commons.”

(4) Subsection (1) above shall have effect as from 29th September 1975 and subsection (2) above shall be deemed to have had effect from the beginning of May 1975.