SolvedSection 121 | Rates of gaming duty
From legislation.gov.uk
(1)In section 11(2) of FA 1997 (rates of gaming duty) for the table substitute—
| 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.