Corporation Tax Act 2009 section 978

Exemption for payments by persons liable to pool betting duty

Section 978 provides a corporation tax exemption for certain annual payments made by persons who are liable to pool betting duty, where those payments are linked to reductions in that duty.

• Annual payments made by persons liable to pool betting duty may be exempt from corporation tax.
• The exemption applies where the payments are made as a consequence of any reduction in pool betting duty, regardless of when that reduction occurred.
• To qualify, the payments must be made either for the purpose of football safety and comfort, or to the Foundation for Sport and the Arts.
• The exemption originated from specific reductions in pool betting duty made in 1990 and 1991, but has been drafted to cover payments arising from any reduction in the duty.