LegalizeThe Gaming Duty (Amendment) Regulations 1998
Made: 25th August 1998
Laid before the House of Commons: 26th August 1998
Coming into force: 1st 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 commencement
1
These Regulations may be cited as the Gaming Duty (Amendment) Regulations 1998 and shall come into force on 1st October 1998.
Interpretation
2
In these Regulations “quarter” means the first three months of an accounting period.
Application
3
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 account
4
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.
| 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. |
Signed
A. R. Rawsthorne — Commissioner of Customs and Excise — 25th August 1998
Explanatory note
(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.
Footnotes
1997 c. 16; section 10 defines “gaming duty”; section 15(2) provides for sections 10 to 14 and Schedule 1 to be construed as one with the Customs and Excise Management Act 1979 (c. 2) and section 1(1) of that Act defines “the Commissioners”; section 15(3) defines “accounting period”.
S.I. 1997/2196.
Reading this document does not replace reading the official text published on legislation.gov.uk. Contains public sector information licensed under the Open Government Licence v3.0. We assume no responsibility for any inaccuracies arising from the conversion of the original CLML XML to this format.
This text is published under legislation.gov.uk's own terms of reuse, not a Legalize or public-domain licence.
legislation.gov.uk
Open Government Licence v3.0 (attribution required)
© Crown and database right. Derived from content available under the Open Government Licence v3.0 from legislation.gov.uk.