12Pool betting duty
(1)In section 7(1) of the [1981 c. 63.] Betting and Gaming Duties Act 1981 (which specifies 37.50 per cent. as the rate of pool betting duty) for “37.50 per cent.” there shall be substituted “32.50 per cent.”
(2)This section shall apply in relation to any pool betting duty the requirement to pay which takes effect on or after 6th May 1995.