Betting and gaming dutiesU.K.
6 Rate of pool betting duty.U.K.
(1)In section 7(1) of the M1Betting and Gaming Duties Act 1981 (rate of pool betting duty), for “26.50 per cent.” there shall be substituted “ 17.50 per cent. ”
(2)This section has effect in relation to bets the stake money on which is or has been paid on or after 28th March 1999.
7 Rates of gaming duty.U.K.
(1)For the Table in section 11(2) of the M2Finance Act 1997 (rates of gaming duty) there shall be substituted—
“ Table
Part of gross gaming yield | Rate |
---|---|
The first £462,500 | 2½ per cent. |
The next £1,027,500 | 12½ per cent. |
The next £1,027,500 | 20 per cent. |
The next £1,798,500 | 30 per cent. |
The remainder | 40 per cent.” |
(2)This section has effect in relation to accounting periods beginning on or after 1st April 1999.