PART 3General betting duty, pool betting duty and remote gaming duty
CHAPTER 1General betting duty
Stake money and winnings
140Chapter 1: winnings
1
Only winnings in the form of money are to be taken into account when determining for the purposes of this Chapter what are winnings on a bet.
2
For those purposes, winnings on a bet include—
a
the return of a stake on the bet, and
b
any winnings on the bet held in an account for a person (“P”) if P is notified that the amount is being held in the account and may be withdrawn by P on demand.
3
The Commissioners may by regulations make provision as to when, for the purposes of any calculation under this Chapter—
a
winnings are to be treated as paid or provided, and
b
expenditure on winnings is to be treated as incurred.