[F1[F24Pool betting on horse and dog racesU.K.
(1)General betting duty shall be charged on pool betting which—
(a)relates only to horse racing or dog racing, and
(b)is not on-course betting.
(2)But subsection (1) does not apply to pool betting if—
(a)the promoter is outside the United Kingdom, and
(b)it is conducted otherwise than by means of a totalisator situated in the United Kingdom.
(3)The amount of duty charged under subsection (1) in respect of bets made by means of facilities provided by a person in an accounting period shall be 15 per cent. of the amount of his net stake receipts for the period.]]
Textual Amendments
F1Cross-heading and ss. 1-5D substituted (6.10.2001 with effect as mentioned in art. 2 of the commencing S.I.) for ss. 1-5 by 2001 c. 9, s. 6, Sch. 1; S.I. 2001/3089, art. 2
F2S. 4 substituted (with effect as mentioned in s. 15(10) of the amending Act) by Finance Act 2004 (c. 12), s. 15(2)