delete The Gaming Duty (Amendment) Regulations 2007
These Regulations amend the Gaming Duty Regulations 1997 by substituting a new Table for calculating payments on account of gaming duty. They revoke the 2005 Amendment Regulations and apply to quarters ending on or after 31st October 2007. The Regulations govern the timing and amount of provisional tax payments due from gaming operators.
This regulation imposes a payment on account regime requiring gaming operators to make estimated duty payments before their actual liability is determined, creating cash flow burdens and compliance costs. Such forced pre-payments act as an interest-free loan to HMRC, distorting business planning and capital allocation. The underlying gaming duty itself is a sin tax that artificially constrains a legal industry, and the 2007 amendments offer no improvement over the 2005 regime they supersede. Deletion would allow operators greater flexibility in managing cash flow, reducing administrative overhead without removing any substantive health or safety protections.