Part 1 Amendments of the Betting and Gaming Duties Act 1981
Finance Act 2002 (2002 c 23) | Legislation

SCHEDULE 4 Pool Betting Duty etc

Section 12

Part 1 Amendments of the Betting and Gaming Duties Act 1981

1

The Betting and Gaming Duties Act 1981 (c 63) is amended as follows.

2

For sections 6 to 8 (pool betting duty: charge, rate and payment) substitute—

“Pool betting duty
6
The duty

A duty of excise to be known as pool betting duty shall be charged in accordance with sections 7 to 8C.

7
Duty charged on net pool betting receipts

(1)     If the amount of a person's net pool betting receipts for an accounting period is greater than zero, pool betting duty is charged on those receipts.

(2)     The amount of that duty is 15 per cent of the amount of the receipts.

7A
Calculating net pool betting receipts

For the purposes of section 7, the amount of a person's net pool betting receipts for an accounting period is—

S + E – W

·É³ó±ð°ù±ð—

S is the aggregate of amounts falling due to the person in the accounting period in respect of dutiable pool bets,

E is the aggregate of expenses and profits falling within section 7E(2) that

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