6 General betting duty and pool betting duty: relief for losses
Finance Act 2003 (2003 c 14) | Legislation

Betting and gaming duties

6  General betting duty and pool betting duty: relief for losses

(1)     Part 1 of the Betting and Gaming Duties Act 1981 (c 63) (betting duties) is amended as follows.

(2)     In section 5 (net stake receipts) at the end of subsection (3) (negative net stake receipts to be disregarded) insert “except as provided for by section 5AA”.

(3)     After that section insert—

“5
Relief for losses

(1)     This section applies where the amount of a person's net stake receipts for an accounting period in respect of a class of bets (calculated in accordance

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