6 Pool betting duty.U.K.
(1)There shall be charged a duty of excise, to be known as pool betting duty—
(a)subject to subsection (2) below, on all bets made by way of pool betting, wherever made, and
(b)on all bets made at fixed odds with the Horserace Totalisator Board or a bookmaker in [F1the United Kingdom] by way of coupon betting,
not being bets made by way of sponsored pool betting or made as mentioned in section 1(1)(c) above.
(2)Bets made by way of pool betting are chargeable with pool betting duty only if—
(a)in the case of bets made by means of a totalisator, the totalisator is situated in [F1the United Kingdom];
(b)in the case of bets made otherwise than by means of a totalisator, the promoter of the betting is in [F1the United Kingdom].
(3)For the purposes of this section and sections 7 and 8 below (except in their application to coupon betting)—
(a)subject to paragraph (b) and section 12(3) below, where payments are made for the chance of winning any money or money’s worth on terms under which the persons making the payments have a power of selection which may (directly or indirectly) determine the winner, those payments shall be treated as bets notwithstanding that the power is not exercised;
[F2(b)“bet” does not include the taking of a ticket or chance in a lottery.]
F3(4). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ..
Textual Amendments
F1Words substituted by Finance Act 1986 (c. 41, SIF 12:2), s. 6, Sch. 4 para. 2(1)
F2S. 6(3)(b) substituted (1.2.1994) by 1993 c. 34, ss. 39(a), 40(2)(3); S.I. 1993/2842, art. 3(2)
F3S. 6(4) repealed (1.2.1994) by 1993 c. 34, ss. 39(b), 40(2)(3), 213, Sch. 23 Pt. I(7); S.I. 1993/2842, art. 3(3)
Modifications etc. (not altering text)
C1S. 6(3) amended by S.I. 1989/1358, art. 2