# Finance Act 1990, Section 4: Pool betting duty.


(1) In section 7(1) of the Betting and Gaming Duties Act 1981 (which specifies 42½ per cent. as the rate of pool betting duty), for the words “42½ per cent.” there shall be substituted the words “ 40 per cent. ”.
(2) This section shall apply in relation to bets made at any time by reference to an event taking place on or after 6th April 1990.

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Source: https://www.legislation.gov.uk/ukpga/1990/29/section/4 (the official version)
Page: https://openlegislation.uk/finance-act-1990/section-4
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.