1 Citation and commencement

These Regulations may be cited as the Gaming Duty (Amendment) Regulations 2002 and come into force on 1st October 2002.

NOTES
Initial Commencement
Specified date

Specified date: 1 October 2002: see above.

2 Interpretation

2Interpretation

In these Regulations “quarter” means the first three months of an accounting period.

NOTES
Initial Commencement
Specified date

Specified date: 1 October 2002: see reg 1.

3 Application and revocation

3Application and revocation

(1)    These Regulations apply in the case of payments on account of gaming duty for any quarter that ends on or after 31st October 2002.

(2)    The Gaming Duty (Amendment) Regulations 2000 are revoked.

NOTES
Initial Commencement
Specified date

Specified date: 1 October 2002: see reg 1.

4 The amount of payments on account

4The amount of payments on account

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.

TABLE
Part of gross gaming yieldRate
The first £244,0002.5 per cent
The next £541,75012.5 per cent
The next £541,75020 per cent
The next £948,50030 per cent
The remainder40 per cent
NOTES
Initial Commencement
Specified date

Specified date: 1 October 2002: see reg 1.

Signature

New King's Beam House

22 Upper Ground

London

SE1 9PJ

M J Eland

Commissioner of Customs and Excise

6th September 2002

EXPLANATORY NOTE

EXPLANATORY NOTE (This note is not part of the Regulations)

These Regulations amend the Gaming Duty Regulations 1997 (SI 1997/2196), regulation 5, the amount of payments on account. They substitute a new Table reflecting changes to gaming duty made by section 10 of the Finance Act 2002 (c 23), and will apply in the case of payments on account of gaming duty for any quarter that ends on or after 31st October 2002.

The duty rates and bands 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 the Finance Act 2002. The interim quarterly payments under the 1997 Regulations are intended to be roughly half of the expected duty liability for the six-monthly period.