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- Point in Time (01/12/1994)
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Point in time view as at 01/12/1994. This version of this cross heading contains provisions that are not valid for this point in time.
There are currently no known outstanding effects for the Betting and Gaming Duties Act 1981, Cross Heading: General.
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Valid from 19/07/2007
Textual Amendments
F1Cross-heading preceding s. 26N inserted (with effect as mentioned in s. 8(2) of the amending Act) by Finance Act 2007 (c. 11), s. 8, Sch. 1 para. 3; S.I. 2007/2172, art. 2
(1)Any reference in this Part of this Act to a amount in sterling, in the context of—
(a)the cost of playing a game, or
(b)the amount of the prize for a game,
includes a reference to the equivalent amount in another currency.
(2)The equivalent amount in another currency, in relation to any day, shall be determined by reference to the London closing exchange rate for the previous day.
(3)For the purposes of determining what duty is payable on an amusement machine licence in a case where this section applies, the equivalent in another currency of an amount in sterling shall be taken to be its equivalent on the day on which the application for the licence is received by the Commissioners, or the due date in the case of a default licence.
(4)In subsection (3) above—
“default licence” means a licence granted under paragraph 3(1) of Schedule 4A to this Act;
“due date” has the meaning given by paragraph 2(4) of that Schedule.
Textual Amendments
F2S. 26A inserted (10.7.2003) by Finance Act 2003 (c. 14), s. 11(2) (with s. 11(3))
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