SCHEDULES
SCHEDULE 25Amendments connected with Gambling Act 2005
Part 4Amendments of FA 1997 relating to gaming duty
Banker's profits from gaming
I118
1
Section 11 (rate of gaming duty) is amended as follows.
2
In paragraph (b) of subsection (10), for “the value, in money or money's worth, of the winnings paid” substitute “
the value of the prizes provided
”
.
3
After that subsection insert—
10A
Subsections (2) to (6)(a) of section 20 of the Betting and Gaming Duties Act 1981 (expenditure on bingo winnings: valuation of prizes) apply, with any necessary modifications, for the purposes of gaming duty as they apply for the purposes of bingo duty.
4
In subsection (11), for “(10)” substitute “
(10A)
”
.