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Finance Act 2010

Section 19: Rate of Bingo Duty

Summary

1.Section 19 provides for a reduction in the rate of bingo duty for accounting periods starting on or after 29 March 2010.

Details of the Section

2.Subsection (1) reduces the rate of bingo duty in section 17(1)(b) of the Betting and Gaming Duties Act 1981 from 22 per cent to 20 per cent.

3.Subsection (2) provides that this has effect in relation to bingo duty accounting periods beginning on or after 29 March 2010.

Background Note

4.Bingo duty is currently calculated at the rate of 22 per cent of a person’s bingo promotion profits for an accounting period, essentially the charges made to customers minus winnings paid out. The duty rate was increased from 15 to 22 per cent when VAT was removed from bingo participation fees in 2009. This section reduces the rate of bingo duty to 20 per cent.

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Explanatory Notes

Text created by the government department responsible for the subject matter of the Act to explain what the Act sets out to achieve and to make the Act accessible to readers who are not legally qualified. Explanatory Notes were introduced in 1999 and accompany all Public Acts except Appropriation, Consolidated Fund, Finance and Consolidation Acts.

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