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Finance Act 2014
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157Profits on ordinary gaming
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(1)To calculate the amount of a gaming provider’s profits for an accounting period in respect of ordinary gaming—
(a)take the aggregate of the gaming payments made to the provider in the accounting period in respect of ordinary gaming, and
(b)subtract the amount of the provider’s expenditure for the period on prizes in respect of such gaming.
(2)The amount of the gaming provider’s expenditure on prizes for an accounting period in respect of ordinary gaming is the aggregate of the value of prizes provided by or on behalf of the provider in that period which have been won (at any time) by chargeable persons participating in ordinary gaming.
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