BN74 : Gaming Duty : Rates and Bandings

Who is likely to be affected?

  1. Casino operators.

General description of the measure

  1. Legislation will be included in Finance Bill 2007 to change the Gross Gaming Yield (GGY) bandings, and rates of duty, for gaming duty.

Operative date

  1. The changes will come into effect for six month accounting periods starting on or after 1 April 2007.

Current law and proposed revisions

  1. The new duty bands are as shown below:
 
Duty Band
Percentage of Tax

The first £1,836,500 of GGY
15
The next £1,266,000 of GGY
20

The next £2,217,500 of GGY
30
The next £4,680,000 of GGY
40
The remainder
50
  1. Section 11 of Finance Act 1997 will be amended to reflect these changes.

Further advice

  1. If you have any questions about this change, please contact HMRC National Advice Service.