Statutory Instruments
2008 No. 1949
Excise
The Gaming Duty (Amendment) Regulations 2008
Made
22nd July 2008
Laid before the House of Commons
22nd July 2008
Coming into force
1st October 2008
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 1997( 1 ).
Citation and Commencement
1. These Regulations may be cited as the Gaming Duty (Amendment) Regulations 2008 and come into force on 1st October 2008.
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 2008.
(2)The Gaming Duty (Amendment) Regulations 2006( 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 £955,500 | 15 per cent |
| The next £658,500 | 20 per cent |
| The next £1,153,500 | 30 per cent |
| The next £2,434,750 | 40 per cent |
| The remainder | 50 per cent |
Dave Hartnett
Steve Lamey
Two of the Commissioners for Her Majesty’s Revenue and Customs
22nd July 2008
1997 (c. 16) ; section 10 (amended by the Finance Act 2007 (c. 11) , section 105, Sch 25, Pt 4 and S.I. 2007/2910 ) 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. 2006/1999 , which substituted a new Table for the Table in regulation 5 of the Gaming Duty Regulations 1997 ( S.I. 1997/2196 ).
S.I. 1997/2196 , amended by S.I. 1998/2055 , 1999/2489 , 2000/2408 , 2001/3021 , 2002/2310 , 2003/2247 , 2004/2243 , 2005/1727 , 2006/1999 , 2007/2167 .
It specifies new increasing parts of the gross gaming yield which are subject to rates of 15, 20, 30, 40 and 50 per cent.