The Gaming Duty (Amendment) Regulations 1998

Made25th August 1998

Laid before the House of Commons26th August 1998

Coming into force1st October 1998

The Commissioners of Customs and Excise, in exercise of the powers conferred upon them by sections 11(5), 12(4), and 14(1) of the Finance Act 19971, and of all other powers enabling them in that behalf, hereby make the following Regulations:

Citation and commencement1

These Regulations may be cited as the Gaming Duty (Amendment) Regulations 1998 and shall come into force on 1st October 1998.

Interpretation2

In these Regulations “quarter” means the first three months of an accounting period.

Application3

These Regulations apply in the case of payments on account of gaming duty for any quarter that ends on or after 31st October 1998.

The amount of payments on account4

For the purpose of calculating payments on account of gaming duty in the cases to which these Regulations apply the following Table shall be substituted for the Table in regulation 5 of the Gaming Duty Regulations 19972.

TABLE

Part of gross gaming yield	Rate
The first £225,000	2 1/2 per cent.
The next £500,000	12 1/2 per cent.
The next £500,000	20 per cent.
The next £875,000	30 per cent.
The remainder	40 per cent.

A. R. RawsthorneCommissioner of Customs and ExciseNew King’s Beam House 22 Upper Ground London SE1 9PJ25th August 1998

(This note is not part of the Regulations)

These Regulations amend the Gaming Duty Regulations 1997 (S.I.1997/2196), regulation 5, the amount of payments on account. They substitute a new Table for the Table of gaming duty rates to be applied to the gross gaming yield in a quarter. The new rates apply in the case of payments on account of gaming duty for any quarter that ends on or after 31st October 1998.