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Regulation 2 Limits for incidental non-commercial lotteries

Original text. Later amendments are not shown.

(1)

This regulation prescribes for the purposes of paragraphs 3 and 4 of Schedule 11 to the Act the maximum sums that promoters of an incidental non-commercial lottery may deduct from the proceeds of the lottery.

(2)

In respect of the cost of the prizes awarded in the lottery the promoters may deduct no more than £500.

(3)

In respect of the costs incurred in organising the lottery the promoters may deduct no more than £100.