United Kingdom Statutory Instruments
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Statutory Instruments
CUSTOMS AND EXCISE
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 1997(1), and of all other powers enabling them in that behalf, hereby make the following Regulations:
1. These Regulations may be cited as the Gaming Duty (Amendment) Regulations 1998 and shall come into force on 1st October 1998.
2. In these Regulations "quarter" means the first three months of an accounting period.
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.
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 1997(2).
| 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. |
A. R. Rawsthorne
Commissioner of Customs and Excise
New King's Beam House 22 Upper Ground London SE1 9PJ
25th August 1998
(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.
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.