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Tobacco products duty |
| Rates of tobacco products duty. |
5. - (1) For the Table of rates of duty in Schedule 1 to the Tobacco Products Duty Act 1979 there shall be substituted-
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1. Cigarettes |
An amount equal to 22 per cent. of the retail price plus £82.59 per thousand cigarettes. |
2. Cigars |
£122.06 per kilogram. |
3. Hand-rolling tobacco |
£87.74 per kilogram. |
4. Other smoking tobacco and chewing tobacco |
£53.66 per kilogram. |
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(2) This section shall be deemed to have come into force at 6 o'clock in the evening of 9th March 1999.
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Betting and gaming duties |
| Rate of pool betting duty. |
6. - (1) In section 7(1) of the Betting and Gaming Duties Act 1981 (rate of pool betting duty), for "26.50 per cent." there shall be substituted "17.50 per cent."
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(2) This section has effect in relation to bets the stake money on which is or has been paid on or after 28th March 1999.
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| Rates of gaming duty. |
7. - (1) For the Table in section 11(2) of the Finance Act 1997 (rates of gaming duty) there shall be substituted-
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"TABLE |
Part of gross gaming yield |
Rate |
The first £462,500 |
2½ per cent. |
The next £1,027,500 |
12½ per cent. |
The next £1,027,500 |
20 per cent. |
The next £1,798,500 |
30 per cent. |
The remainder |
40 per cent." |
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(2) This section has effect in relation to accounting periods beginning on or after 1st April 1999.
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