Section 121 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 £2,302,000 15 per cent
The next £1,587,000 20 per cent
The next £2,779,000 30 per cent
The next £5,865,500 40 per cent
The remainder 50 per cent

Part of gross gaming yield	Rate
The first £2,302,000	15 per cent
The next £1,587,000	20 per cent
The next £2,779,000	30 per cent
The next £5,865,500	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 2014.