SCHEDULES

C3SCHEDULE 11Exempt Lotteries

Annotations:
Modifications etc. (not altering text)

C3C1Part 4Small Society Lotteries

Annotations:
Modifications etc. (not altering text)

The exemption

I1I231

1

For the purposes of this Part a society lottery is a small lottery unless it is a large lottery by virtue of any of sub-paragraphs (2) to (5).

2

A society lottery is a large lottery if the arrangements for it are such that its proceeds may exceed £20,000.

C23

A society lottery is a large lottery if it is promoted wholly or partly at a time in a calendar year at which the aggregate of the promoting society's proceeds from society lotteries promoted wholly or partly during that year exceeds £250,000.

4

A society lottery is a large lottery if the arrangements for it are such that (disregarding any other society lottery the sale of tickets for which is not concluded) it may during its promotion become a large lottery by virtue of sub-paragraph (3).

5

If a society promotes a lottery that is a large society lottery by virtue of sub-paragraph (2), (3) or (4) (“the first lottery”), any other society lottery promoted by that society is a large lottery if it is wholly or partly promoted—

a

after the beginning of the promotion of the first lottery and in a calendar year during which the first lottery is wholly or partly promoted, or

b

in any of the three calendar years successively following the last calendar year during which the first lottery was wholly or partly promoted.