AI Summary of 123. Rates of duty.
The document specifies the excise duty applicable to the grant of amusement machine licences under section 122. For licences valid for up to one year, a fee of £100 is mandated, whilst licences for a shorter duration of up to three months incur a cost of £30, valid until the specified end date in August.
It is crucial for compliance professionals to ensure that all relevant licences are obtained and that the appropriate fees are accurately levied. Awareness of these rates is essential for effective regulatory adherence within the amusement sector, promoting sound governance and fiscal responsibility.
123. Rates of duty.
Amendments (requiring commencement) by s. 63 of the Finance Act 2025 (No. 18), published 23 December 2025.
There shall be charged, levied and paid upon the grant of every amusement machine licence granted under section 122 an excise duty at the following rates:
(a) on a licence expressed to remain in force for a period not exceeding one year and until the 30th day of June in the year concerned, £100;
(b) on a licence expressed to be in force for a period not exceeding 3 months until the 31st day of August in the year concerned, £30,
(c) [deleted]