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(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 £488,000 | 2.5 per cent. |
The next £1,083,500 | 12.5 per cent. |
The next £1,083,500 | 20 per cent. |
The next £1,897,000 | 30 per cent. |
The remainder | 40 per cent.” |
(2)This section has effect in relation to accounting periods beginning on or after 1st April 2002.