20Rates of gaming dutyU.K.
This section has no associated Explanatory Notes
(1)In section 11(2) of FA 1997 (rates of gaming duty), for the table substitute—
“TABLE
| Part of gross gaming yield | Rate |
|---|---|
| The first £1,975,000 | 15 per cent |
| The next £1,361,500 | 20 per cent |
| The next £2,385,000 | 30 per cent |
| The next £5,033,500 | 40 per cent |
| The remainder | 50 per cent”. |
(2)The amendment made by subsection (1) has effect in relation to accounting periods beginning on or after 1 April 2010.