Finance Act, 1999
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Bets, reduction in rate of excise duty. |
117.—(1) The duty on bets imposed by section 24 of the Finance Act, 1926 , shall (subject to section 20 of the Finance Act, 1931 ) be charged, levied and paid on bets entered into, at the rate of five per cent. of the amount of the bet in lieu of the rate of ten per cent. mentioned in section 31 of the Finance Act, 1985 . | |
(2) Subsection (1) shall come into operation on such day as the Minister for Finance may, by order, appoint. |