2003 No. 2247
CUSTOMS AND EXCISE

The Gaming Duty (Amendment) Regulations 2003

Made
Laid before the House of Commons
Coming into force
The Commissioners of Customs and Excise, in exercise of the powers conferred upon them by sections 12(4) and 14(1) of the Finance Act 19971 hereby make the following Regulations:

Citation and commencement1.

These Regulations may be cited as the Gaming Duty (Amendment) Regulations 2003 and come into force on 1st October 2003.

Interpretation2.

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

Application and revocation3.

(1)

These Regulations apply in the case of payments on account of gaming duty for any quarter that ends on or after 31st October 2003.

(2)

The Gaming Duty (Amendment) Regulations 20012 are revoked.

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, substitute the following Table for the Table in regulation 5 of the Gaming Duty Regulations 19973:
TABLE

Part of gross gaming yield

Rate

The first £251,250

2.5 per cent.

The next £557,750

12.5 per cent.

The next £557,750

20 per cent.

The next £976,500

30 per cent.

The remainder

40 per cent.

Michael Hanson
Commissioner of Customs and Excise

New King’s Beam House, 22 Upper Ground, London SE1 9PJ

(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 reflecting changes to gaming duty made by section 13 of the Finance Act 2003 (c. 14), and will apply in the case of payments on account of gaming duty for any quarter that ends on or after 31st October 2003.

The duty rates and bands in the Table are those for the first three months of each six-monthly accounting period, hence the bands represent half of the new bands of gross gaming yield shown in the Finance Act 2003. The interim quarterly payments under the 1997 Regulations are intended to be roughly half of the expected duty liability for the six-monthly period.