Statutory Instruments
2003 No. 2247
CUSTOMS AND EXCISE
The Gaming Duty (Amendment) Regulations 2003
Made
1st September 2003
Laid before the House of Commons
2nd September 2003
Coming into force
1st October 2003
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 1997( 1 ) hereby make the following Regulations:
Citation and commencement
1. These Regulations may be cited as the Gaming Duty (Amendment) Regulations 2003 and come into force on 1st October 2003.
Interpretation
2. In these Regulations “quarter” means the first three months of an accounting period.
Application and revocation
3. —(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 2001( 2 ) are revoked.
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, substitute the following Table for the Table in regulation 5 of the Gaming Duty Regulations 1997( 3 ):
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
1st September 2003
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. 2001/3021 , which substituted a new Table for the Table in regulation 5 of the Gaming Duty Regulations 1997.