Part 2 Amendments of BGDA 1981
Finance Act 2007 (2007 c 11) | Legislation

Part 2 Amendments of BGDA 1981

Introductory

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BGDA 1981 is amended as follows.

Bookmakers: spread bets

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(1)     Section 3 (bookmakers: spread bets) is amended as follows.

(2)     In subsection (1), omit paragraph (b) (together with the “and†before it).

(3)     For subsection (2) substitute—

“(2)     A bet is a spread bet if it constitutes a contract the making or accepting of which is a regulated activity within the meaning of section 22 of the Financial Services and Markets Act 2000.â€

Liability to pay general betting duty

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In section 5B(3)(a) (liability to pay general betting duty), for “bookmaker's permit†substitute “general betting operating licence (in Great Britain), or a bookmaker's permit (in Northern Ireland),â€.

Bet-brokers

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In section 5C(5) (bet-brokers: cases where section 5C does not apply), omit paragraph (b) (together with the “or†before it).

Definitions for purposes of betting duties

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(1)     Section 12(4) (definitions for purposes of Part 1) is amended as follows.

(2)     In

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