SCHEDULES
C1SCHEDULE 11Exempt Lotteries
Annotations:
Modifications etc. (not altering text)
Part 1Incidental Non-commercial Lotteries
Deductions from proceeds
I1I23
The promoters of an incidental non-commercial lottery may not deduct from the proceeds of the lottery more than the prescribed sum in respect of the cost of the prizes (irrespective of their actual cost).
Sch. 11 applied (with modifications) (1.1.2007) by The Gambling Act 2005 (Commencement No. 6 and Transitional Provisions) Order 2006 (S.I. 2006/3272), art. 1(1), Sch. 4 para. 77