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Regulation 5 Payment of lottery duty on instant chances

Changes not yet applied. Later legislation changes this provision in ways not yet written into the text below:

(1)

For the purposes of payment of lottery duty, an instant chance shall be treated as taken when the batch of which it forms part is settled.

(2)

A batch is settled when either—

(a)

the registered promoter deems that batch to be settled, or

(b)

fifteen days have elapsed since that batch was first activated,

whichever is the earlier.

(3)

A batch is activated when either—

(a)

the registered promoter deems that batch to be activated, or

(b)

any instant chance in that batch is actually taken,

whichever is the earlier.