1 General betting duty.U.K.
(1)Subject to the provisions of this Part of this Act, on any bet [F1which is not an on-course bet and] which—
(a)is made with a bookmaker in [F2the United Kingdom] otherwise than by way of pool betting or coupon betting, or
(b)is made by way of sponsored pool betting or is otherwise made by means of facilities provided by the Horserace Totalisator Board and is not a bet made with the Board by way of coupon betting, or
(c)is made on any event on a track to which this paragraph applies by means of a totalisator on that track and on the day on which that event takes place,
there shall be charged a duty of excise to be known as general betting duty.
(2)General betting duty shall—
(a). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . F3
(b). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . F3, be of an amount equal to [F47.75 per cent.] of the amount staked.
(3)Paragraph (c) of subsection (1) above applies—
(a)to any track in respect of which there is for the time being in force a track betting licence granted under Schedule 3 to the M1Betting, Gaming and Lotteries Act 1963 [F5or Article 37 of the M2Betting, Gaming, Lotteries and Amusements (Northern Ireland) Order 1985], and
(b)to any track which the Commissioners see fit to treat for the purposes of that paragraph as if it were such a track.
Textual Amendments
F1Words inserted by Finance Act 1987 (c. 16, SIF 12:2), s. 3(1)(a)
F2Words substituted by Finance Act 1986 (c. 41, SIF 12:2), s. 6, Sch. 4 para. 1(1)
F3Words repealed by Finance Act 1987 (c. 16, SIF 12:2), ss. 3(1)(b), 72(7), Sch. 16 Pt. II Note 1
F4Words in s. 1(2) substituted (16.3.1992 in relation to bets made on or after 1.4.1992) by Finance Act 1992 (c. 20), s. 5(1)(2)
F5Words inserted by Finance Act 1986 (c. 41, SIF 12:2), s. 6, Sch. 4 para. 1(2)
Marginal Citations