PART 3General betting duty, pool betting duty and remote gaming duty
CHAPTER 2Pool betting duty
147Profits on retained winnings on Chapter 2 pool bets
1
The amount of a bookmaker’s profits for an accounting period in respect of retained winnings on Chapter 2 pool bets is the aggregate of the amounts which cease to be qualifying amounts during the accounting period.
2
An amount is a qualifying amount for the purposes of this section if, as a result of a person (“P”) being notified as mentioned in section 149(2)(b), it has been taken into account in calculating the bookmaker’s profits for any accounting period under section 145 or 146.
3
An amount ceases to be a qualifying amount for the purposes of this section if, otherwise than by virtue of being withdrawn by P as mentioned in section 149(2)(b), P ceases to be entitled to withdraw it.
4
The Commissioners may by notice published by them direct that subsection (3) is not to apply in a specified case or class of cases.