Notice

Excise Notice 451a: General Betting Duty

This notice provides legal and technical guidance about reforms to General Betting Duty from 1 December 2014.

Documents

Details

This edition of Notice 451a, dated July 2017, cancels and replaces Notice 451a: General Betting Duty (GBD) dated April 2016. This notice only concerns the reforms to GBD which came into force on 1 December 2014. It’s therefore in addition to the previous version of Notice 451 dated April 2010.

It includes guidance on UK persons, registration, keeping records, accounting periods, submitting returns and making duty payments to HM Revenue and Customs.

Published 15 December 2014
Last updated 3 January 2018 + show all updates
  1. Paragraph 3.3.1 has been updated as from 4 January 2018 dealing in binary options will be a regulated activity and taxed as spread bets instead of general bets.
  2. This notice replaces the April 2016 edition of Notice 451A: General Betting Duty. The notice has been revised to provide more detailed guidance about the reforms to General Betting Duty which came into effect on 1 December 2014.
  3. The postal address at sections 5.1 and 6.1 has been updated.
  4. The address for the National Registration Unit has changed.
  5. This notice replaces the October edition of Notice 451A: General Betting Duty. The notice has been revised and provides legal and technical guidance about the reforms to General Betting Duty which came into effect on 1 December 2014.
  6. First published.
  7. Updated version October 2014.