Finance Act, 1975

Gaming licences.

42.—(1) This section applies to gaming licences issued under section 19 of the Gaming and Lotteries Act, 1956 .

(2) In lieu of the excise duty imposed by section 17 of the Finance Act, 1956 , on gaming licences to which this section applies there shall be charged, levied and paid on such licences issued on or after the 16th day of January, 1975, an excise duty at the following rates, that is to say:—

where the period for which the licence is to be issued as specified in the certificate under the Gaming and Lotteries Act, 1956 , authorising the issue of the licence—

(a) does not exceed three months, twenty-five pounds;

(b) exceeds three months but does not exceed six months, fifty pounds;

(c) exceeds six months but does not exceed nine months, seventy-five pounds;

(d) exceeds nine months, one hundred pounds.