Section 193 Rates 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

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.