Part 1 EXCISE DUTIES
Betting and gaming duties
7 Rates of gaming duty
(1)
For the table in section 11(2) of the Finance Act 1997 (c. 16) (rates of gaming duty) substitute—
TABLE
Part of gross gaming yield | Rate |
|---|---|
The first £484,500 | 2.5 per cent. |
The next £1,076,000 | 12.5 per cent. |
The next £1,076,000 | 20 per cent. |
The next £1,883,500 | 30 per cent. |
The remainder | 40 per cent. |
(2)
This section has effect in relation to accounting periods beginning on or after 1st April 2001.