sec.71Final liability for particular final periods in 2022–2023 financial year

sec.71 Final liability for particular final periods in 2022–2023 financial year

This Act applies in relation to a relevant final period as if the reference in section 39, definition adjusted betting tax amount , paragraph (b) to the taxing rate were a reference to the adjusted taxing rate. In this section— adjusted taxing rate means the percentage, worked out using the following formula, rounded to the nearest 2 decimal places (rounding one-half upwards)— where— A means the adjusted taxing rate. D means the number of days in the relevant final period. relevant final period means a final period— starting on 1 July 2022; and ending during the 2022–2023 financial year, on or after 1 December 2022. See section 16 for when a final period starts and ends. s 71 ins 2022 No. 30 s 10 (sec.71-ssec.1) This Act applies in relation to a relevant final period as if the reference in section 39, definition adjusted betting tax amount , paragraph (b) to the taxing rate were a reference to the adjusted taxing rate. (sec.71-ssec.2) In this section— adjusted taxing rate means the percentage, worked out using the following formula, rounded to the nearest 2 decimal places (rounding one-half upwards)— where— A means the adjusted taxing rate. D means the number of days in the relevant final period. relevant final period means a final period— starting on 1 July 2022; and ending during the 2022–2023 financial year, on or after 1 December 2022. See section 16 for when a final period starts and ends.

• (a) starting on 1 July 2022; and
• (b) ending during the 2022–2023 financial year, on or after 1 December 2022.