Betting Tax Act 2018
sec.36Amount of annual liability
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sec.36 Amount of annual liability
The betting operator’s liability ( annual liability ) for betting tax for the financial year is— if the betting operator does not have any relevant liabilities for the financial year—the annual betting tax amount for the betting operator for the financial year; or if the total amount of the relevant liabilities of the betting operator for the financial year is equal to or more than the annual betting tax amount for the betting operator for the financial year—nil; or if paragraphs (a) and (b) do not apply, the difference between— the annual betting tax amount for the betting operator for the financial year; and the total amount of the relevant liabilities of the betting operator for the financial year.
- (a) if the betting operator does not have any relevant liabilities for the financial year—the annual betting tax amount for the betting operator for the financial year; or
- (b) if the total amount of the relevant liabilities of the betting operator for the financial year is equal to or more than the annual betting tax amount for the betting operator for the financial year—nil; or
- (c) if paragraphs (a) and (b) do not apply, the difference between— (i) the annual betting tax amount for the betting operator for the financial year; and (ii) the total amount of the relevant liabilities of the betting operator for the financial year.
- (i) the annual betting tax amount for the betting operator for the financial year; and
- (ii) the total amount of the relevant liabilities of the betting operator for the financial year.
- (i) the annual betting tax amount for the betting operator for the financial year; and
- (ii) the total amount of the relevant liabilities of the betting operator for the financial year.