Posted: Wednesday, 2 January 2013 @ 11:36
HMRC have extended the deadline for registration for Machines Duty to 11 January 2013. All those responsible for premises which have dutiable gaming machines must register with HMRC by then or risk penalties of up to 100% of the duty payable.
The new tax comes into force on 1 February 2013. It replaces Amusement Machine Licence Duty and Output VAT on machine takings. Tax is payable on net takings. The Standard rate is 20%. The Lower rate ( for machines with a maximum stake of 10p and maximum payout of £8) is 5%.
Category B3A machines that play lottery style games are exempt, as are pull tab lottert ticket dispensers.
To see the HMRC guide click here
Nigel Musgrove
Licensing Law Specialist
Tel: 0845 003 5639
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