2Increase of certain duties on betting
(1)In section 1(2)(b) of the Betting and Gaming Duties Act 1972 and section 17(1)(b) of the Miscellaneous Transferred Excise Duties Act (Northern Ireland) 1972 (general betting duty on bets other than on-course bets) for the words " 6 per cent." there shall be substituted the words
“17 ½ per cent.”This subsection shall be deemed to have come into force on 31st March 1974.
(2)For the purposes of the pool betting duty on bets made at any time by reference to any event taking place after 31st March 1974, section 7(1) of the Betting and Gaming Duties Act 1972 and section 18(1) of the Miscellaneous Transferred Excise Duties Act (Northern Ireland) 1972 (under which the amount of the duty is 33 j- per cent, of the amount on which the duty falls to be computed) shall each have effect with the substitution for the words
“33J per cent.”of the words " 40 per cent.", except in the case of bets made by way of pool betting in respect of a competition for prizes held by—
(a)the holder of a licence under the Pool Competitions Act 1971, or
(b)any person approved by the Secretary of State in that behalf on the recommendation of the Gaming Board for Great Britain,
in respect of which the amount of the pool betting duty shall be 33 1/3 per cent.