Determination of tax rates etc
65 Determination of tax rates etc
For section 64 (1) (Tax on bookmaking), the Minister may, in writing, determine—
the rate of tax applying to the turnover of race bookmakers in a period stated in the determination; and
how the tax is to be calculated; and
different rates for different amounts or percentages of turnover; and
when the tax is payable.
For section 64 (2), the Minister may, in writing, determine—
the rate of tax applying to the turnover of sports bookmakers in a period stated in the determination; and
how the tax is to be calculated; and
different rates for different amounts or percentages of turnover; and
when the tax is payable.
For section 64 (3), the commission may, in writing, determine rules for the calculation of the amount of bet backs made by a race bookmaker or a sports bookmaker in a period.
A determination under this section is a disallowable instrument.
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