(1)In section 11(2) of FA 1997 (rates of gaming duty), for the table substitute—
Part of gross gaming yield | Rate |
---|---|
The first £2,423,500 | 15% |
The next £1,670,500 | 20% |
The next £2,925,500 | 30% |
The next £6,175,500 | 40% |
The remainder | 50%”. |
(2)The amendment made by this section has effect in relation to accounting periods beginning on or after 1 April 2017.