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The Gaming Duty (Amendment) Regulations 2007

S.I. 2007/2167 · Made 25 July 2007

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.

Excise

Made 25th July 2007

Laid before the House of Common 25th July 2007

Coming into force 1st October 2007

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

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 (amended by the Commissioners for Revenue and Customs Act 2005 (c.11), Schedule 4, paragraph 22) defines “the Commissioners”; section 15(3) defines “accounting period”.

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 2007 and come into force on 1st October 2007.

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 2007.

(2)

The Gaming Duty (Amendment) Regulations 2005f1 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 £918,25015 per cent.
The next £633,00020 per cent.
The next £1,108,75030 per cent.
The next £2,340,00040 per cent.
The remainder50 per cent.

Signature

Steve Lamey

Dave Hartnett

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

25th July 2007

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 7 of the Finance Act 2007 (c. 11)f1, and will apply in the case of payments on account of gaming duty for any quarter that ends on or after 31st October 2007.

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 section 7 of the Finance Act 2007. The interim quarterly payments under these Regulations are intended to be roughly half of the expected duty liability for the six-monthly period.

An impact assessment has not been produced for this instrument as no impact on the private or voluntary sectors is foreseen.