Finance Bill Tracking Service 2007 | Budget 2007 | Budget Notes

BN74 Gaming Duty: rates and bandings

Who is likely to be affected?

1   Casino operators.

General description of the measure

2   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

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

Current law and proposed revisions

4   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

5   Section 11 of Finance Act 1997 will be amended to reflect these changes.

Further advice

6   If you have any questions about this change, please contact HMRC National Advice Service on 0845 010 9000. Information about Budget measures is available on the HM Revenue & Customs website at www.hmrc.gov.uk