Finance Act 2006
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Payment of betting duty. |
91.— (1) Chapter 1 of Part 2 of the Finance Act 2002 is amended by substituting the following section for section 71: | |
“71.— (1) Every bookmaker who makes, lays or otherwise enters into any bet shall pay the betting duty duly payable on the amount of that bet under section 67 and shall not demand or otherwise require from the person with whom he or she makes, lays or otherwise enters into that bet any additional payment in respect of the betting duty payable. | ||
(2) Betting duty which a bookmaker pays pursuant to subsection (1) shall not be allowed as a deduction by any person in computing the amount of profits or losses of a bookmaking business for Income Tax or Corporation Tax purposes.”. | ||
(2) This section comes into operation on 1 July 2006. |