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United Kingdom Statutory Instruments |
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You are here: BAILII >> Databases >> United Kingdom Statutory Instruments >> The Gaming Duty (Amendment) Regulations 2009 No. 2046 URL: http://www.bailii.org/uk/legis/num_reg/2009/uksi_20092046_en_1.html |
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Made
22nd July 2009
Laid before the House of Commons
23rd July 2009
Coming into force
1st October 2009
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).
1. These Regulations may be cited as the Gaming Duty (Amendment) Regulations 2009 and come into force on 1st October 2009.
2. In these Regulations "quarter" means the first three months of an accounting period.
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 2009.
(2) The Gaming Duty (Amendment) Regulations 2007(2) are revoked.
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):
| Part of gross gaming yield | Rate |
|---|---|
| The first £964,500 | 15 per cent |
| The next £664,750 | 20 per cent |
| The next £1,164,500 | 30 per cent |
| The next £2,457,750 | 40 per cent |
| The remainder | 50 per cent |
Dave Hartnett
Bernadette Kenny
Two of the Commissioners for Her Majesty´s Revenue and Customs
22nd July 2009
(This note is not part of the Regulations)
These Regulations amend regulation 5 of the Gaming Duty Regulations 1997 (S.I. 1997/2196) which deals with the amount of payments on account. They substitute a new Table reflecting changes to the bands of gross gaming yield for gaming duty made by section 19 of the Finance Act 2009 (c.10)(4), and will apply in the case of payments on account of gaming duty for any quarter that ends on or after 31st October 2009.
The duty rates in the table are those for the first three months of each six-monthly accounting period, hence the bands represent half of the new bands of gross gaming yield shown in section 19 of the Finance Act 2009. The interim quarterly payments under these Regulations are intended to be roughly half of the expected duty liability for the six-monthly period.
A full and final Impact Assessment has not been produced for this instrument as a negligible impact on the private or voluntary sectors is foreseen.
1997 (c. 16); section 10 (amended by section 11 of the Finance Act 2002 (c. 23), section 105 of, part 4 of Schedule 25 to and part 6 of Schedule 27 to the Finance Act 2007 (c. 11), 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". Back [1]
S.I. 2007/2167, which substituted a new Table for the Table in regulation 5 of the Gaming Duty Regulations 1997 (S.I. 1997/2196). Back [2]
S.I. 1997/2196, amended by S.I. 2007/2167, 2008/1949; there are other amending instruments but none is relevant. Back [3]
Section 19 specifies new increasing parts of the gross gaming yield which are subject to rates of 15, 20, 30, 40 and 50 per cent. Back [4]
