Part I Betting Duties

Pool betting duty

7B Net pool betting receipts: meaning of “dutiable pool bet”

1

For the purposes of a calculation under section 7A of the amount of a person’s net pool betting receipts for any accounting period, a bet (wherever made) is a “dutiable pool bet” if—

a

the bet is made by way of pool betting, and

b

the following conditions are satisfied.

2

The first condition is that—

a

the bet is made by means of a totalisator situated in the United Kingdom and that person is the operator, or

b

the bet is made otherwise than by means of a totalisator and that person is the promoter and is in the United Kingdom.

3

The second condition is that the bet is not—

a

made by way of sponsored pool betting,

b

made as mentioned in section 4(3), or

c

made for community benefit.

4

The third condition is that if the bet was made before 31st March 2002, at least one event to which it relates takes place on or after that date.