sec.33Amount of monthly liability for particular months

sec.33 Amount of monthly liability for particular months

This section applies for each of the following months if a final period for the betting operator ends during the month— the qualifying month of a financial year, if the taxable wagering revenue of the betting operator for the final period is more than the annual threshold amount; any month of a financial year after the qualifying month. The betting operator’s liability ( monthly liability ) for betting tax for the month is— if the end day for the final period is the last day of the month—nil; or if paragraph (a) does not apply— if the taxable wagering revenue of the betting operator for the reduced period is nil or a negative amount—nil; or otherwise—the amount worked out by applying the taxing rate to the taxable wagering revenue of the betting operator for the reduced period. In this section— reduced period , in relation to a month during which a final period for a betting operator ends, means the period— starting on the day after the end day for the final period; and ending on the last day of the month. (sec.33-ssec.1) This section applies for each of the following months if a final period for the betting operator ends during the month— the qualifying month of a financial year, if the taxable wagering revenue of the betting operator for the final period is more than the annual threshold amount; any month of a financial year after the qualifying month. (sec.33-ssec.2) The betting operator’s liability ( monthly liability ) for betting tax for the month is— if the end day for the final period is the last day of the month—nil; or if paragraph (a) does not apply— if the taxable wagering revenue of the betting operator for the reduced period is nil or a negative amount—nil; or otherwise—the amount worked out by applying the taxing rate to the taxable wagering revenue of the betting operator for the reduced period. (sec.33-ssec.3) In this section— reduced period , in relation to a month during which a final period for a betting operator ends, means the period— starting on the day after the end day for the final period; and ending on the last day of the month.

• (a) the qualifying month of a financial year, if the taxable wagering revenue of the betting operator for the final period is more than the annual threshold amount;
• (b) any month of a financial year after the qualifying month.
• (a) if the end day for the final period is the last day of the month—nil; or
• (b) if paragraph (a) does not apply— (i) if the taxable wagering revenue of the betting operator for the reduced period is nil or a negative amount—nil; or (ii) otherwise—the amount worked out by applying the taxing rate to the taxable wagering revenue of the betting operator for the reduced period.
• (i) if the taxable wagering revenue of the betting operator for the reduced period is nil or a negative amount—nil; or