SCHEDULE 25 Remote Gambling: Double Taxation Relief
Finance Act 2012 (2012 c 14) | Legislation

SCHEDULE 25 Remote Gambling: Double Taxation Relief

Section 194

Unilateral relief

1

BGDA 1981 is amended as follows.

2

After section 5D insert—

“5E Double taxation relief

(1)     This section applies if a person (“Pâ€) is liable to pay a qualifying foreign tax in respect of bets in respect of which P is also liable to pay general betting duty under a provision of sections 2 to 4 or section 5AB (“the relevant provisionâ€).

(2)     Bets in respect of which P is liable to pay both general betting duty under the relevant provision and the qualifying foreign tax are referred to as “eligible betsâ€.

(3)     Credit may be allowed for all or part of the qualifying foreign tax paid by P.

(4)     Whether any credit is allowed is determined in accordance with Schedule A1.

(5)     If credit is allowed for an accounting period, P is entitled to claim a repayment of so much of the duty actually paid as is equal to the amount of credit allowed.

(6)     Total repayments to P for that accounting period in respect of bets of the applicable class (taking into account all qualifying foreign taxes) must not, in aggregate, exceed the duty

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