{
  "url": "https://openlegislation.uk/finance-act-2014/section-135",
  "json_url": "https://openlegislation.uk/finance-act-2014/section-135.json",
  "legislation": "ukpga/2014/26",
  "legislation_title": "Finance Act 2014",
  "legislation_url": "https://openlegislation.uk/finance-act-2014",
  "path": "section/135",
  "kind": "section",
  "number": "135",
  "heading": "General betting duty charge on Chapter 1 pool bets",
  "text": "(1) General betting duty is charged on a Chapter 1 pool bet made with a bookmaker.\n(2) It is charged at the rate of 15% of the bookmaker's profits on Chapter 1 pool bets for an accounting period.\n(3) The bookmaker's profits on Chapter 1 pool bets for an accounting period are the aggregate of—\n(a) the amount of the bookmaker's profits for the period in respect of pooled stake Chapter 1 pool bets (calculated in accordance with section 136), and\n(b) the amount of the bookmaker's profits for the period in respect of ordinary Chapter 1 pool bets (calculated in accordance with section 137), and\n(c) the amount of the bookmaker's profits for the period in respect of retained winnings on Chapter 1 pool bets (calculated in accordance with section 138).\n(4) Where the calculation for an accounting period under subsection (3) produces a negative amount—\n(a) the bookmaker's profits on Chapter 1 pool bets for the accounting period are treated as nil, and\n(b) the amount produced by the calculation may be carried forward in reduction of the bookmaker's profits on Chapter 1 pool bets for one or more later accounting periods.",
  "extent": null,
  "status": null,
  "version": "current",
  "annotations": [],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/ukpga/2014/26/section/135",
    "retrieved_at": "2026-10-28T17:01:45.159579+00:00",
    "licence": "OGL-UK-3.0",
    "licence_url": "https://www.nationalarchives.gov.uk/doc/open-government-licence/version/3/",
    "attribution": "Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives."
  }
}