SCHEDULES
SCHEDULE 29Part 3: transitional and saving provisions
3Post-commencement receipts etc from pre-commencement general or pool betting
1
In this paragraph “new accounting period” means an accounting period beginning on or after 1 December 2014.
2
Where a bet to which section 2(1) of BGDA 1981 (general bets with bookmaker in the United Kingdom) applies is made with a bookmaker before 1 December 2014, amounts in respect of the bet which fall due to the bookmaker in a new accounting period are to be included among the amounts aggregated at Step 1 in section 131 of this Act in calculating the bookmaker’s ordinary profits in respect of general bets for that period.
3
Where—
a
a bet to which section 3(1) of BGDA 1981 (spread bets with bookmaker in the United Kingdom) applies is made with a bookmaker before 1 December 2014, and
b
the bet is a financial spread bet for the purposes of section 3 of BGDA 1981,
amounts in respect of the bet which fall due to the bookmaker in a new accounting period are to be included among the amounts aggregated at Step 1 in section 131 of this Act in calculating the bookmaker’s ordinary profits in respect of financial spread bets for that period.
4
Where—
a
a bet to which section 3(1) of BGDA 1981 (spread bets with bookmaker in the United Kingdom) applies is made with a bookmaker before 1 December 2014, and
b
the bet is not a financial spread bet for the purposes of section 3 of BGDA 1981,
amounts in respect of the bet which fall due to the bookmaker in a new accounting period are to be included among the amounts aggregated at Step 1 in section 131 of this Act in calculating the bookmaker’s ordinary profits in respect of non-financial spread bets for that period.
5
Where a bet by way of pool betting to which section 4(1) of BGDA 1981 applies is made before 1 December 2014 by means of facilities provided by a person, amounts in respect of the bet which fall due to the person in a new accounting period are to be included among the amounts aggregated under section 137(a) of this Act in calculating the person’s profits for that period in respect of ordinary Chapter 1 pool bets.
6
Where a dutiable pool bet (as defined by section 7B of BGDA 1981) is made before 1 December 2014, amounts in respect of the bet which in accordance with section 7D of BGDA 1981 fall due—
a
to the operator of the totalisator by means of which the bet is made, or
b
to the promoter,
in a new accounting period are to be included among the amounts aggregated under section 146(a) of this Act in calculating that person’s profits for that period in respect of ordinary Chapter 2 pool bets.
7
Section 5(2), (4) and (5) of BGDA 1981 (amounts due: timing and calculation) apply for the purposes of sub-paragraphs (2) to (5).