Gaming duty
6Rates of gaming duty
(1)For the Table in section 11(2) of FA 1997 (rates of gaming duty) substitute—
Table
| Part of gross gaming yield | Rate |
|---|---|
| The first £534,500 | 2.5 per cent. |
| The next £1,186,500 | 12.5 per cent. |
| The next £1,186,500 | 20 per cent. |
| The next £2,078,000 | 30 per cent. |
| The remainder | 40 per cent. |
(2)This section has effect in relation to accounting periods beginning on or after 1st April 2005.