2012 No. 1897
The Gaming Duty (Amendment) Regulations 2012
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 power conferred by section 12(4) of the Finance Act 19971.
Citation and commencement1
These Regulations may be cited as the Gaming Duty (Amendment) Regulations 2012 and come into force on 1st October 2012.
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 2012.
2
The Gaming Duty (Amendment) Regulations 20102 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.
Part of gross gaming yield | Rate |
|---|---|
The first £1,087,500 | 15 per cent |
The next £749,750 | 20 per cent |
The next £1,313,000 | 30 per cent |
The next £2,771,250 | 40 per cent |
The remainder | 50 per cent |
(This note is not part of the Regulations)