Income Tax (Trading and Other Income) Act 2005 section 748

Payments by persons liable to pool betting duty

Section 748 dealt with the tax treatment of payments made by persons who were liable to pool betting duty, but this provision has been repealed and no longer applies to payments made from 6 April 2013 onwards.

• Section 748 originally addressed the income tax treatment of payments made by persons liable to pool betting duty
• The section was repealed by the Finance Act 2012 (Schedule 39, paragraph 21(1)(b))
• The repeal took effect in relation to payments made on or after 6 April 2013
• For any payments made before 6 April 2013, the original provisions of section 748 would still have applied