SCHEDULES

SCHEDULE 25U.K.Amendments connected with Gambling Act 2005

Part 4U.K.Amendments of FA 1997 relating to gaming duty

Banker's profits from gamingU.K.

18(1)Section 11 (rate of gaming duty) is amended as follows.U.K.

(2)In paragraph (b) of subsection (10), for “the value, in money or money's worth, of the winnings paid” substitute “ the value of the prizes provided ”.

(3)After that subsection insert—

“(10A)Subsections (2) to (6)(a) of section 20 of the Betting and Gaming Duties Act 1981 (expenditure on bingo winnings: valuation of prizes) apply, with any necessary modifications, for the purposes of gaming duty as they apply for the purposes of bingo duty.”

(4)In subsection (11), for “(10)” substitute “ (10A) ”.