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Finance Act 2012
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- 2012 c. 14
- PART 6
- Gambling duties
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Gambling duties
191Machine games duty
Schedule 24 contains provision replacing amusement machine licence duty with a new excise duty and making related changes to VATA 1994.
192Amusement machine licence duty
(1)In section 23(2) of BGDA 1981 (amount of duty payable on amusement machine licence), for the table substitute—
“TABLE
| Months for which licence granted | Category A | Category B1 | Category B2 | Category B3 | Category B4 | Category C |
|---|---|---|---|---|---|---|
| £ | £ | £ | £ | £ | £ | |
| 1 | 555 | 280 | 220 | 220 | 200 | 85 |
| 2 | 1105 | 555 | 435 | 435 | 395 | 165 |
| 3 | 1655 | 830 | 655 | 655 | 595 | 250 |
| 4 | 2205 | 1105 | 870 | 870 | 790 | 330 |
| 5 | 2755 | 1380 | 1085 | 1085 | 985 | 410 |
| 6 | 3305 | 1655 | 1305 | 1305 | 1185 | 495 |
| 7 | 3860 | 1930 | 1520 | 1520 | 1380 | 575 |
| 8 | 4410 | 2205 | 1740 | 1740 | 1575 | 655 |
| 9 | 4960 | 2485 | 1955 | 1955 | 1775 | 740 |
| 10 | 5510 | 2760 | 2170 | 2170 | 1970 | 820 |
| 11 | 6060 | 3035 | 2390 | 2390 | 2170 | 900 |
| 12 | 6295 | 3150 | 2480 | 2480 | 2250 | 935”. |
(2)The amendment made by this section has effect in relation to cases where the application for the amusement machine licence is received by the Commissioners for Her Majesty’s Revenue and Customs after 4 pm on 23 March 2012.
193Rates of gaming duty
(1)In section 11(2) of FA 1997 (rates of gaming duty), for the table substitute—
“TABLE
| Part of gross gaming yield | Rate |
|---|---|
| The first £2,175,000 | 15 per cent |
| The next £1,499,500 | 20 per cent |
| The next £2,626,000 | 30 per cent |
| The next £5,542,500 | 40 per cent |
| The remainder | 50 per cent”. |
(2)The amendment made by this section has effect in relation to accounting periods beginning on or after 1 April 2012.
194Remote gambling: double taxation relief
Schedule 25 contains provision for double taxation relief in respect of remote gambling.
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