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Can you summarize Charges, rates, allowances etc > Gambling duties?
Charges, rates, allowances etc > Gambling duties
Short Summary
The provided legal document content pertains to the UK Public General Acts, specifically the Finance Act 2011. It introduces amendments to the rates of gaming duty and the amount of duty payable on amusement machine licences. For gaming duty, the amendment replaces the existing table with new rates based on the gross gaming yield. The rates range from 15% for the first 2,067,000 to 50% for the remainder. This amendment applies to accounting periods beginning on or after 1 April 2011. Regarding amusement machine licences, the amendment replaces the existing table with new amounts of duty payable based on the category and duration of the licence. The amounts vary for different categories and range from 85 to 6110. This amendment applies to cases where the application for the amusement machine licence is received by the Commissioners for Her Majesty’s Revenue and Customs after 4 pm on 25 March 2011. The documents govern entities subject to gaming duty and amusement machine licence duty, without any specific exemptions or penalties mentioned.
Whom does it apply to?
Entities subject to gaming duty and amusement machine licence duty
What does it govern?
Gambling duties
What are exemptions?
No exemptions are mentioned.
What are the Penalties?
No penalties are mentioned.
Jurisdiction
United Kingdom