Section 22 Rates of gaming duty

(1)

For the table in section 11(2) of FA 1997 substitute—

Table
Part of gross gaming yield Rate
The first £1,911,000 15 per cent
The next £1,317,000 20 per cent
The next £2,307,000 30 per cent
The next £4,869,500 40 per cent
The remainder 50 per cent

Part of gross gaming yield	Rate
The first £1,911,000	15 per cent
The next £1,317,000	20 per cent
The next £2,307,000	30 per cent
The next £4,869,500	40 per cent
The remainder	50 per cent

(2)

The amendment made by subsection (1) has effect in relation to accounting periods beginning on or after 1 April 2008.