http://www.legislation.gov.uk/ukpga/2014/26/section/132Finance Act 2014An Act to grant certain duties, to alter other duties, and to amend the law relating to the National Debt and the Public Revenue, and to make further provision in connection with finance.texttext/xmlenStatute Law Database2024-11-28Expert Participation2024-11-18 PART 3 General betting duty, pool betting duty and remote gaming dutyCHAPTER 1General betting duty<Emphasis>General and spread bets</Emphasis>Retained winnings profits1321The amount of a bookmaker's retained winnings profits in respect of a class of bets for an accounting period is the aggregate of amounts which cease to be qualifying amounts in the accounting period.2An amount is a qualifying amount for the purposes of this section if, as a result of a person (“P”) being notified as mentioned in section 140(2)(b), it has been taken into account in calculating the bookmaker's ordinary profits for bets of that class in any accounting period.3An amount ceases to be a qualifying amount for the purposes of this section if, otherwise than by virtue of being withdrawn by P as mentioned in section 140(2)(b), P ceases to be entitled to withdraw it.4The Commissioners may by notice published by them direct that subsection (3) is not to apply in a specified case or class of cases.