This is the original version (as it was originally enacted).
(1)For the Table in section 11(2) of the [1997 c. 16.] Finance Act 1997 (rates of gaming duty) there shall be substituted the following table—
| Part of gross gaming yield | Rate |
|---|---|
| The first £450,000 | 2½ per cent. |
| The next £1,000,000 | 12½ per cent. |
| The next £1,000,000 | 20 per cent. |
| The next £1,750,000 | 30 per cent. |
| The remainder | 40 per cent. |
(2)In section 11(3) of that Act (rate of duty for unregistered gaming), for “33⅓ per cent.” there shall be substituted “40 per cent.” (3) This section has effect in relation to accounting periods beginning on or after 1st April 1998.
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