OpenLegislation

Section 27 The levyC2F6C1

England, Wales and Scotland

(F11)

The contributions such as are mentioned in section 24(1) of this Act to be made by bookmakers F2and betting exchange providers shall be paid by way of a levy in respect of each levy period in accordance with F3this section.

(F41A)

The levy is charged at the rate of 10% of the amount by which a person’s profits for a levy period exceed the exempt amount (see section 27D).

(1B)

The person’s profits for a levy period are the sum of—

(a)

the person’s profits as a bookmaker on leviable bets for the period (see section 27A), and

(b)

the commission charged by the person as a betting exchange provider on leviable bets during the period (see section 27C).

(1C)

The persons by whom the levy is payable include those bookmakers and betting exchange providers who are required to hold remote operating licences.

(1D)

In subsection (1C) “remote operating licence” has the same meaning as in the Gambling Act 2005 (see section 67 of that Act).

F5(2)

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

(3)

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

(4)

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

(5)

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Annotations

Textual amendments

F1

Act repealed with savings (1.1.2007 for the repeal of Sch. 2 para. 10, 1.9.2007 in so far as not already in force) by Gambling Act 2005 (c. 19), ss. 356(3), 358(1), Sch. 17 (with ss. 352, 354); S.I. 2006/3272, art. 2(1), Sch. 1 (with arts. 7-12, Sch. 4); S.I. 2006/3272, art. 3 (as amended by S.I. 2007/2169, art. 4)

F2

Words in s. 27(1) inserted (25.4.2017) by The Horserace Betting Levy Regulations 2017 (S.I. 2017/589), reg. 1(2), Sch. para. 4(2)(a) (with reg. 2)

F3

Words in s. 27(1) substituted (25.4.2017) by The Horserace Betting Levy Regulations 2017 (S.I. 2017/589), reg. 1(2), Sch. para. 4(2)(b) (with reg. 2)

F4

S. 27(1A)-(1D) inserted (25.4.2017) by The Horserace Betting Levy Regulations 2017 (S.I. 2017/589), reg. 1(2), Sch. para. 4(3) (with reg. 2)

F5

S. 27(2)-(4) omitted (25.4.2017) by virtue of The Horserace Betting Levy Regulations 2017 (S.I. 2017/589), reg. 1(2), Sch. para. 4(4) (with reg. 2)

F6

S. 27 heading substituted (25.4.2017) by The Horserace Betting Levy Regulations 2017 (S.I. 2017/589), reg. 1(2), Sch. para. 4(5) (with reg. 2)

Modifications

C1

Ss. 24-30 saved (1.9.2007) by Gambling Act 2005 (Horserace Betting Levy) Order 2007 (S.I. 2007/2159), art. 2

C2

S. 27 amended by Horserace Betting Levy Act 1969 (c. 14), s. 1(1)–(8)