Key changes in Private Lotteries Act 2011

Since 1 Apr 2011, private lotteries duty on fruit machines has been computed as 9.5% on Turnover.

Other key changes introduced on 1 Apr 2011 in relation to private lotteries duty include:

1. Record-keeping requirements
2. Introduction of penalties for filing late or not filing 
3. Introduction of penalties for paying late or not paying 
4. Commissioner of Betting Duties now administers private lotteries duty (previously administered by Commissioner of Estate Duties)

A copy of the Private Lotteries Act 2011 can be obtained at :Quick Links>Tax Acts>Private Lotteries