Finance Act 2024
|
Amendment of section 64 of Finance Act 2002 (interpretation) | ||
|
71. Section 64 of the Finance Act 2002 is amended— | ||
(a) by the substitution of the following definition for the definition of “aid”: | ||
“ ‘aid’ means aid granted in accordance with Commission Regulation (EU) 2023/2831;”, | ||
(b) by the substitution of the following definition for the definition of “bookmaker”: | ||
“ ‘bookmaker’ means a person who, in the course of business— | ||
(a) takes bets, | ||
(b) sets odds, and | ||
(c) undertakes to pay out on winning bets;”, | ||
(c) by the substitution of the following definition for the definition of “Commission Regulation (EU) No. 1407/2013”: | ||
“ ‘Commission Regulation (EU) 2023/2831’ means Commission Regulation (EU) 2023/2831 of 13 December 202331 on the application of Articles 107 and 108 of the Treaty on the Functioning of the European Union to de minimis aid;”, | ||
(d) by the substitution of the following definition for the definition of “premises”: | ||
“ ‘premises’ means any house or other building and includes a defined part of a house or other building;”, | ||
(e) by the substitution of the following definition for the definition of “proprietor”: | ||
“ ‘proprietor’ means the person entitled to the exclusive occupation of the premises in relation to which the term is used and, where the context so admits, includes a number of persons jointly so entitled;”, | ||
(f) by the substitution of the following definition for the definition of “registered premises”: | ||
“ ‘registered premises’ means premises for the time being registered in the register;”, | ||
(g) by the substitution of the following definition for the definition of “remote betting intermediary’s licence”: | ||
“ ‘remote betting intermediary’s licence’ means a licence issued under section 7C (inserted by section 14 of the Betting (Amendment) Act 2015 ) of the Betting Act 1931 ;”, | ||
(h) by the substitution of the following definition for the definition of “remote bookmaker’s licence”: | ||
“ ‘remote bookmaker’s licence’ means a licence issued under section 7B (inserted by section 14 of the Betting (Amendment) Act 2015 ) of the Betting Act 1931 ;”, | ||
(i) by the substitution of the following definition for the definition of “remote means”: | ||
“ ‘remote means’ means any means by which it is possible for a person to communicate and transact with a person in another physical location, regardless of the actual physical location of those persons, and includes— | ||
(a) the internet, | ||
(b) a telephone, | ||
(c) money or asset transfer (whether or not electronic transfer of monies or other assets), | ||
(d) telegraphy (whether or not wireless telegraphy);”, | ||
(j) by the substitution of the following definition for the definition of “totalisator”: | ||
“ ‘totalisator’ means an apparatus or organisation by means of which an unlimited number of persons can each stake money in respect of a future event on the terms that the amount to be won by the successful stakers is dependent on or to be calculated with reference to the total amount staked by means of the apparatus or organisation in relation to that event but not necessarily on the same contingency, and includes all offices, tickets, recorders, and other things ancillary or incidental to the working of the apparatus or organisation;”, | ||
and | ||
(k) by the insertion of the following definitions: | ||
“ ‘bet’ means a transaction involving 2 or more persons, where— | ||
(a) the parties hold differing views regarding the outcome of an event, | ||
(b) the parties agree that depending on the outcome of the event, one or more parties shall pay to the other or others a sum, and | ||
(c) the event upon the outcome of which the transaction depends shall not be the outcome of a game within the meaning of this Act; | ||
‘bookmaker’s licence’ means a licence issued— | ||
(a) under subsection (3) of section 7 (inserted by section 13 of the Betting (Amendment) Act 2015 ) of the Betting Act 1931 , or | ||
(b) in accordance with section 7A (inserted by subsection (2) of section 64 of the Irish Horseracing Industry Act 1994 ) of the Betting Act 1931 ; | ||
‘game’ means a game (whether of skill or chance or partly of skill and partly of chance) for stakes hazarded by the players; | ||
‘licensed bookmaker’ means a person who is the holder of a bookmaker’s licence or a remote bookmaker’s licence as the case may be;”. | ||