Part I Excise duties

Gaming duty

16 Rates of gaming duty.

1

For the table in section 11(2) of the M1Finance Act 1997 (rates of gaming duty) substitute—

TABLE

Part of gross gaming yield

Rate

The first £470,500

2½ per cent.

The next £1,045,500

12½ per cent.

The next £1,045,500

20 per cent.

The next £1,830,000

30 per cent.

The remainder

40 per cent.

2

This section has effect in relation to accounting periods beginning on or after 1st April 2000.