Budget Notes


Who is likely to be affected?

1. Casino operators.

General description of the measure

2. The Gross Gaming Yield (GGY) bandings for each duty band will be increased in line with inflation.

Operative date

3. The changes to the bandings come into effect for accounting periods starting on or after 1 April 2008.

Current law and proposed revisions

The first £1,911,000 of GGY 15 per cent
The next £1,317,000 of GGY 20 per cent
The next £2,307,000 of GGY 30 per cent
The next £4,869,500 of GGY 40 per cent
The remainder 50 per cent

4. The table of GGY bandings in section 11 of the Finance Act 1997 will be replaced by the table above. As a consequence of this change, regulations will be made to amend the table for interim payments on account in the Gaming Duty Regulations 1997.

5. Excise Notice 453 (Gaming Duty) will be amended in due course.

Further advice

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