Part 1Charges, rates, thresholds etc
Gambling
7Rates of gaming duty
1
For the Table in section 11(2) of FA 1997 substitute—
Table
Part of gross gaming yield
Rate
The first £1,836,500
15 per cent.
The next £1,266,000
20 per cent.
The next £2,217,500
30 per cent.
The next £4,680,000
40 per cent.
The remainder
50 per cent.
2
In section 11(3) of that Act, for “40 per cent” substitute “
50 per cent
”
.
3
The amendments made by this section have effect in relation to accounting periods beginning on or after 1st April 2007.