Statutory Instruments
2012 No. 1897
Excise
The Gaming Duty (Amendment) Regulations 2012
Made
18th July 2012
Laid before the House of Commons
19th July 2012
Coming into force
1st October 2012
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 1997( 1 ).
Citation and commencement
1. These Regulations may be cited as the Gaming Duty (Amendment) Regulations 2012 and come into force on 1st October 2012.
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 2012.
(2)The Gaming Duty (Amendment) Regulations 2010( 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 £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 |
Mike Eland
Dave Hartnett
Two of the Commissioners for Her Majesty’s Revenue and Customs
18th July 2012
1997 c. 16 ; section 10 (amended by section 11 of the Finance Act 2002 (c. 23) , section 105 of, and Part 4 of Schedule 25, to the Finance Act 2007 (c. 11) , S.I 2007/2910 and sections 114(1) to 114(9) of the Finance Act 2009 (c. 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) ; section 1(1) of that Act as amended by section 50(6) of, and paragraphs 20 and 22(b) of Schedule 4 to, the Commissioners for Revenue and Customs Act 2005 (c. 11) defines “the Commissioners” as meaning the Commissioners for Her Majesty’s Revenue and Customs; section 15(3) defines “accounting period”.
S.I. 2010/1677 , 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 ; relevant amending instruments are S.I. 2010/1677 , 2011/1794 .
Section 193 amends section 11(2) of the Finance Act 1997, which specifies which parts of the gross gaming yield are to be subject to gaming duty rates of 15, 20, 30, 40 and 50 per cent.