Explanatory note

These Regulations amend the Gaming Duty Regulations 1997 (S.I. 1997/2196), regulation 5, the amount of payments on account. They substitute a new Table reflecting changes to gaming duty made by s16 of the Finance Act 2000, and will apply in the case of payments on account of gaming duty for any quarter that ends on or after 31st October 2000.

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 2000. The interim quarterly payments under the 1997 Regulations are intended to be roughly half of the expected duty liability for the six monthly period.