Part I Betting Duties
General betting duty
F12 Bookmakers: general bets
(1)
General betting duty shall be charged on a bet made with a bookmaker who is in the United Kingdom.
(2)
Subsection (1) does not apply to—
(a)
an on-course bet,
(b)
a spread bet, F2or
(c)
a bet made by way of pool betting, F3. . .
F4(d)
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(3)
The amount of duty charged in respect of bets made with a bookmaker in an accounting period shall be 15 per cent. of the amount of his net stake receipts for that period.