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Statutory Instruments
Excise
Made
3rd June 2015
Laid before the House of Commons
5th June 2015
Coming into force
1st October 2015
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).
1. These Regulations may be cited as the Gaming Duty (Amendment) Regulations 2015 and come into force on 1st October 2015.
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 2015.
(2) The Gaming Duty (Amendment) Regulations 2013(2) are revoked.
4. For the purposes 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 the gross gaming yield | Rate |
|---|---|
| The first £1,173,750 | 15 per cent |
| The next £809,000 | 20 per cent |
| The next £1,416,750 | 30 per cent |
| The next £2,990,500 | 40 per cent |
| The remainder | 50 per cent |
Jim Harra
Edward Troup
Two of the Commissioners for Her Majesty's Revenue and Customs
3rd June 2015
(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 60 of the Finance Act 2015 (c. 11)(4), and will apply in the case of payments on account of gaming duty for any quarter that ends on or after 31st October 2015.
The parts of the gross gaming yield in the Table are half the value of the new bands of gross gaming yield shown in section 60 of the Finance Act 2015. This is because the period covered is the first three months of a six month accounting period.
A Tax Information and Impact Note has not been prepared for this instrument as it contains no substantive changes to tax policy.
1997 c. 16; section 10 (amended by section 105 of, and Part 4 of Schedule 25 to, the Finance Act 2007 (c. 11), section 114(1) to 114(9) of the Finance Act 2009 (c. 10) and section 191 of, and Parts 1 and 2 of Schedule 24 to, the Finance Act 2012 (c. 14)) 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 which, 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. 2013/1819, 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. 2013/1819, 2014/1930.
Section 60 amends section 11(2) of the Finance Act 1997 (c. 16), 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.