PART 3General betting duty, pool betting duty and remote gaming duty

CHAPTER 4General

Supplementary

191Amounts not in sterling

1

If any amount of stake money, gaming payment, winnings or prize is in a currency or method of payment other than sterling, it is to be treated for the purposes of this Part as being the equivalent amount in sterling.

2

The equivalent amount in sterling, in relation to any day, is to be determined by reference to—

a

the London closing exchange rate for the previous day, or

b

if no such rate exists, the rate specified in or determined in accordance with a notice published by the Commissioners.