4(1)In this paragraph “transitional accounting period” means an accounting period—
(a)beginning on or after 1 December 2014, and
(b)ending on or before 30 November 2018.
(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 paid by the bookmaker in a transitional accounting period by way of winnings to the person who made the bet are to be included among the amounts aggregated at Step 2 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 paid by the bookmaker in a transitional accounting period by way of winnings to the person who made the bet are to be included among the amounts aggregated at Step 2 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 paid by the bookmaker in a transitional accounting period by way of winnings to the person who made the bet are to be included among the amounts aggregated at Step 2 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 (“the provider”), amounts paid by the provider in a transitional accounting period by way of winnings to the person who made the bet are to be included among the amounts aggregated under section 137(b) of this Act in calculating the provider’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 paid—
(a)by the operator of the totalisator by means of which the bet is made, or
(b)by the promoter,
in a transitional accounting period by way of winnings to the person who made the bet are to be included among the amounts aggregated under section 146(b) of this Act in calculating the profits of the operator, or (as the case may be) the promoter, for that period in respect of ordinary Chapter 2 pool bets.
(7)Section 5(6) of BGDA 1981 (meaning of “paid”) applies for the purposes of sub-paragraphs (2) to (5).
(8)Section 7F of BGDA 1981 (meaning of “paid”) applies for the purposes of sub-paragraph (6).