(1)In section 11(2) of FA 1997 (rates of gaming duty), for the table substitute—
| Part of gross gaming yield | Rate |
|---|---|
| The first £2,242,500 | 15 per cent |
| The next £1,546,000 | 20 per cent |
| The next £2,707,500 | 30 per cent |
| The next £5,714,500 | 40 per cent |
| The remainder | 50 per cent”. |
(2)The amendment made by this section has effect in relation to accounting periods beginning on or after 1 April 2013.
(1)Section 20A of BGDA 1981 (combined bingo) is amended as follows.
(2)In subsection (3) for the words from the beginning to “second promoter”)—” substitute “Where money representing such payments (so far as they constituted stakes hazarded in the combined bingo) is paid in an accounting period by one promoter of the bingo (“the first promoter”) to another (“the second promoter”), to the extent that the money is used (directly or indirectly) to provide bingo winnings for combined bingo promoted by the second promoter—”.
(3)Omit subsection (4).
(4)The amendments made by this section have effect in relation to accounting periods beginning on or after the day on which this Act is passed.