3(1)In this paragraph “new accounting period” means an accounting period beginning on or after 1 December 2014.
(2)Where a bet to which section 2(1) of BGDA 1981 (general bets with bookmaker in the United Kingdom) applies is made with a bookmaker before 1 December 2014, amounts in respect of the bet which fall due to the bookmaker in a new accounting period are to be included among the amounts aggregated at Step 1 in section 131 of this Act in calculating the bookmaker’s ordinary profits in respect of general bets for that period.
(3)Where—
(a)a bet to which section 3(1) of BGDA 1981 (spread bets with bookmaker in the United Kingdom) applies is made with a bookmaker before 1 December 2014, and
(b)the bet is a financial spread bet for the purposes of section 3 of BGDA 1981,
amounts in respect of the bet which fall due to the bookmaker in a new accounting period are to be included among the amounts aggregated at Step 1 in section 131 of this Act in calculating the bookmaker’s ordinary profits in respect of financial spread bets for that period.
(4)Where—
(a)a bet to which section 3(1) of BGDA 1981 (spread bets with bookmaker in the United Kingdom) applies is made with a bookmaker before 1 December 2014, and
(b)the bet is not a financial spread bet for the purposes of section 3 of BGDA 1981,
amounts in respect of the bet which fall due to the bookmaker in a new accounting period are to be included among the amounts aggregated at Step 1 in section 131 of this Act in calculating the bookmaker’s ordinary profits in respect of non-financial spread bets for that period.
(5)Where a bet by way of pool betting to which section 4(1) of BGDA 1981 applies is made before 1 December 2014 by means of facilities provided by a person, amounts in respect of the bet which fall due to the person in a new accounting period are to be included among the amounts aggregated under section 137(a) of this Act in calculating the person’s profits for that period in respect of ordinary Chapter 1 pool bets.
(6)Where a dutiable pool bet (as defined by section 7B of BGDA 1981) is made before 1 December 2014, amounts in respect of the bet which in accordance with section 7D of BGDA 1981 fall due—
(a)to the operator of the totalisator by means of which the bet is made, or
(b)to the promoter,
in a new accounting period are to be included among the amounts aggregated under section 146(a) of this Act in calculating that person’s profits for that period in respect of ordinary Chapter 2 pool bets.
(7)Section 5(2), (4) and (5) of BGDA 1981 (amounts due: timing and calculation) apply for the purposes of sub-paragraphs (2) to (5).