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The Gaming Duty (Amendment) Regulations 2005

S.I. 2005/1727 · Made 29 June 2005

Original text. legislation.gov.uk does not revise statutory instruments, so later amendments are not shown here. Changes made to it are listed under each provision when known.

CUSTOMS AND EXCISE

Made 29th June 2005

Laid before the House of Commons 30th June 2005

Coming into force 1st October 2005

The Commissioners for Her Majesty’s Revenue and Customs in exercise of the powers conferred upon them by sections 12(4) and 14(1) of the Finance Act 1997f1 hereby make the following Regulations:

Annotations to the whole text

Footnotes

f1

1997 (c. 16); section 10 defines “gaming duty”; section 15(2) provides for sections 10 to 14 and Schedule 1 to be construed as one with the Customs and Excise Management Act 1979 (c. 2) and section 1(1) of that Act defines “the Commissioners”; section 15(3) defines “accounting period”. The functions of the Commissioners of Customs and Excise were transferred to the Commissioners for Her Majesty’s Revenue and Customs by section 5(2) of the Commissioners for Revenue and Customs Act 2005 (c. 11). Section 50(1) of that Act provides that a reference to the Commissioners of Customs and Excise shall be taken as a reference to the Commissioners for Her Majesty’s Revenue and Customs.

Contents

  1. 1Citation and commencement
  2. 2Interpretation
  3. 3Application and revocation
  4. 4The amount of payments on account
  5. Signature
  6. Explanatory note

1Citation and commencement

These Regulations may be cited as the Gaming Duty (Amendment) Regulations 2005 and come into force on 1st October 2005.

2Interpretation

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

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 2005.

(2)

The Gaming Duty (Amendment) Regulations 2003f1 are revoked.

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 1997f1:

Table

Part of gross gaming yieldRate
The first £267,2502.5 per cent.
The next £593,25012.5 per cent.
The next £593,25020 per cent.
The next £1,039,00030 per cent.
The remainder40 per cent.

Signature

Helen Ghosh

D A Hartnett

Two of the Commissioners for Her Majesty’s Revenue and Customs

29th June 2005

Explanatory note

(This note is not part of the Regulations)

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 section 6 of the Finance Act 2005 (c. 7), and will apply in the case of payments on account of gaming duty for any quarter that ends on or after 31st October 2005.

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 2005. The interim quarterly payments under the 1997 Regulations are intended to be roughly half of the expected duty liability for the six-monthly period.

A full regulatory impact assessment has not been produced for this instrument, as it has no impact on business, charities or voluntary bodies.