Pool betting duty return by Keyconsulting UK
Pool betting duty return
Published on: Mar 4, 2016
Transcripts - Pool betting duty return by Keyconsulting UK
Pool Betting Duty Return
This return is for the period from
These dates must not be altered, unless agreed by us
Date of issue
You must ensure that this return is completed and
sent back to us with any payment due no later than
Please allow for delays in the post
Calculation of pool betting duty
Amount of net pool betting receipts or losses Box 1 minus Box 2
If there was a loss, use brackets to show it is a negative amount.
Aggregate of amounts paid by you as winnings in this period
Include the value of money prizes on any amounts returned to
customers because of void bets.
Aggregate of amounts due to you for dutiable bets in this period
Include the value of any expenses and profits not met out of stake money
that relate to the promotion and management of dutiable betting.
Losses carried forward from previous period
Show only any losses from the accounting period immediately prior to this period.
You will have shown it as a negative amount in brackets in Box 5 on your previous return.
Do not use brackets in this box. If no loss was shown on the previous return enter ‘0.00’.
Balance amount for duty calculation Box 3 minus Box 4
This will be the same as Box 3 unless you have a loss in Box 4.
If this is a negative amount use brackets to show a loss.
Duty due for this accounting period Box 5 multiplied by the rate of duty
If the amount in Box 5 is zero or a negative amount, enter ‘0.00’.
Underdeclaration of duty from previous periods
Show in this box any duty underdeclarations made in previous returns.
Do not include any amounts that HM Revenue & Customs has notified you about.
Note: If you discover any overdeclaration of duty from an earlier period,
contact the Excise Helpline on 0845 010 9000 for advice on how to claim the overpayment.
Total amount payable Box 6 plus Box 7
Please turn to page 2 to complete the declaration
You can avoid penalties by taking care that we get your accurately completed return and full duty payment by the due date.
If you give incomplete or inaccurate information, we may charge a financial penalty or even prosecute you. You have the right
to appeal if we impose such a penalty.
I declare that I am the authorised signatory. The information given on this form is true and complete, to the best of my
knowledge and belief.
Date DD MM YYYY
A photocopied signature is not acceptable
What to do next
When you have completed and signed this form, send it to:
St Mungo’s Road
How to pay your Pool Betting Duty
We accept payment by a range of methods but recommend that you make your payment electronically using one of the
• BACS Direct Credit, Internet/Telephone Banking or CHAPS – you will need to provide your bank or building society with the
– Sort code: 083200
– Account number: 12000911
– Account name: HMRC GACA
– Payment amount
– Your unique Pool Betting Duty reference number (please make sure your reference number includes the prefix ‘PB’).
• By Post – if you are unable to pay by one of the options detailed above you should send a cheque with your
return to the above address.
Cheques should be made payable to ‘HM Revenue & Customs only’ followed by your Pool Betting Duty reference number.
For official use
Entered in returns register
Payment received £
PBD reference number