The following Value Added Tax guidance note by Tolley provides comprehensive and up to date tax information covering:
This guidance note provides an overview of the VAT treatment of betting, gaming and lotteries.
Excise duty is payable on certain betting activities and more information can be found in Excise Notice 451a: General Betting Duty ; Excise Notice 147a: Pool Betting Duty and Excise Notice 455a: Remote Gaming Duty .
The provision of any facilities for the placing of bets is exempt from VAT.
A bet has been defined as ‘the staking of money or other value on the event of a doubtful issue’ and the Gambling Act 2005 , s 9 defines the term ‘betting’ as:
1)In this Act ‘betting’ means making or accepting a bet on-a)the outcome of a race, competition or other event or processb)the likelihood of anything occurring or not occurring, orc)whether anything is or is not true2)A transaction that relates to the outcome of a race, competition or other event or process may be a bet within the meaning of subsection (1) despite the facts that-a)the race, competition, event or process has already occurred or been completed, andb)one party to the transaction knows the outcome3)A transaction that relates to the likelihood of anything occurring or not occurring may be a bet within the meaning of subsection (1) despite the facts that-a)the thing has already occurred or failed to occur, andb)one party to the transaction knows that the thing has already occurred or failed to occur
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