This section has no associated Explanatory Notes
10(1)If the calculation of the amount of machine games duty for which a taxable person is liable for an accounting period results in a negative amount (“amount X”)—U.K.
(a)the amount of machine games duty for which that person is liable for that period is treated as nil, and
(b)the amount of duty for which that person is liable for the next accounting period is to be reduced by amount X.
(2)Sub-paragraph (1) applies to an accounting period whether or not amount X results wholly or partly from the previous application of that sub-paragraph.
(3)Subject to any reduction required by sub-paragraph (1)(b), the person is not entitled to any repayment or refund of machine games duty in respect of amount X.