Clause 7 - General betting duty: betting exchanges
Finance Bill
10:30 am
Mr Nicholas Winterton (Macclesfield, Conservative)
With this it will be convenient to discuss the following:
Amendment No. 127, in
clause 7, page 5, line 4, after 'another person', insert '(''the bet-taker'')'.
Amendment No. 128, in
clause 7, page 5, line 5, after 'third person', insert '(''the operator'')'.
[R] Relevant registered interest declared.
Amendment No. 129, in
clause 7, page 5, line 8, leave out subsections (2) to (4) and insert—
'(2) For the purposes of sections 2 to 5B as modified by subsection (5)—
(a) the bet shall be treated as if it were made by the bettor with the operator and not with the bet-taker, and
(b) the operator shall be treated as a bookmaker in respect of the bet.
(3) But subsection (2) does not apply to a bet if—
(a) the bet-taker holds a bookmaker's permit, and
(b) the bet would not be an on-course bet if the operator were making the bet with the bet-taker as principal.
(4) Section 2 (Bookmakers: general bets) is modified as follows—
(a) in subsection (3) for ''15 per cent of the amount of his net stake receipts for that period.' substitute 'the aggregate for that period of the amounts of duty charged in respect of each individual bet-taker using facilities provided by him.''.
(b) after subsection (3) insert—
(4) For the purposes of subsection (3), the amount of duty in respect of each individual bet-taker in an accounting period shall be 15 per cent of the bet-taker's net stake receipts for that period.
(5) Where there is any doubt as to which of two persons is the bettor and which the bet-taker for the purposes of subsection (1)(a), whichever of the two was the first to use the facilities of the operator to offer the bet shall be treated as the bet-taker.'.
Amendment No. 130, in
clause 7, page 5, leave out line 26.