Section 27A Profits as a bookmakerF1
A bookmaker’s profits on leviable bets for a levy period are—
where—
SM is the aggregate of the stake money falling due to the bookmaker in the levy period on leviable bets;
OA is aggregate of any other amounts accruing to the bookmaker in the levy period in connection with leviable bets;
W is the aggregate of any winnings paid by the bookmaker in the levy period in respect of leviable bets (irrespective of when the bets were made or determined).
Annotations
Textual amendments
- F1
Ss. 27A-27E inserted (25.4.2017) by The Horserace Betting Levy Regulations 2017 (S.I. 2017/589), reg. 1(2), Sch. para. 5 (with reg. 2)
Notes on the whole Act
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Act repealed with savings (1.1.2007 for the repeal of Sch. 2 para. 10, 1.9.2007 in so far as not already in force) by Gambling Act 2005 (c. 19), ss. 356(3), 358(1), Sch. 17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)
Notes on Part I
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Act repealed with savings (1.1.2007 for the repeal of Sch. 2 para. 10, 1.9.2007 in so far as not already in force) by Gambling Act 2005 (c. 19), ss. 356(3), 358(1), Sch. 17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)