2006 No. 1999

EXCISE

The Gaming Duty (Amendment) Regulations 2006

Made

Laid before the House of Commons

Coming into force

The Commissioners for Her Majesty’s Revenue and Customs make the following regulations in exercise of the powers conferred by sections 12(4) and 14(1) of the Finance Act 19971:

Citation and Commencement1

These Regulations may be cited as the Gaming Duty (Amendment) Regulations 2006 and come into force on 1st October 2006.

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 2006.

2

The Gaming Duty (Amendment) Regulations 20042 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 £273,250

2.5 per cent.

The next £606,250

12.5 per cent.

The next £606,250

20 per cent.

The next £1,062,000

30 per cent.

The remainder

40 per cent.

David VarneyMike ElandTwo of the Commissioners for Her Majesty’s Revenue and Customs

(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 10 of the Finance Act 2006 (c. 25), and will apply in the case of payments on account of gaming duty for any quarter that ends on or after 31st October 2006.

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 2006 (c. 25). The interim quarterly payments under the 1997 Regulations are intended to be roughly half of the expected duty liability for the six-monthly period.

A full regulatory impact assessment has not been produced for this instrument, as it has no impact on the costs of business, charities or voluntary bodies.