Taxes in Europe Database v2
Betting and Gaming Duties Act 1981, as amended by subsequent finance acts.
The bookmaker, totalisator operator or pool promoter with whom the bet is made, or who provides facilities for betting.
Bookmakers net stake receipts, defined as the difference between the stakes laid with them and the winnings they pay out.
The full amount of stake money (less winnings paid out, for general betting duty only) paid together with any additional payments in connection with the bet.
Until the place of consumption based tax regime is implemented, double taxation relief will ensure (from accounting periods ending on or after 1 April 2012) that UK-based operators do not incur double taxation on remote gambling supplied to customers in countries already operating a place of consumption based tax.
- 3 % for financial spread bets
- 10 % for other spread bets
- 15 % for all other off‑course bets made with a bookmaker or the Horserace Totalisator Board
Return and payment must be furnished by the 15th day following the end of the accounting period.
HM Revenue and Customs.
On‑course bets, where both the bookmaker and customer are present at the track, are not liable to general betting duty.