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Betting, Gaming and Lotteries Act 1963

»Ê¹ÚÌåÓýapp contribution payable by a bookmaker to the Horserace Betting Levy Board under the Betting, Gaming and Lotteries Act 1963 (see BIM58801) should be allowed as a deduction in computing his trade profits for tax purposes. »Ê¹ÚÌåÓýapp contribution is payable in respect of a levy period which is defined as ‘a period of twelve months beginning with the first day of April in each yearâ€�.