betting tax

/'betɪŋ tæks/ noun
a tax levied on betting on horses, dogs, etc.
(NOTE: bettingbethas bet)

Dictionary of banking and finance. 2015.

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  • betting tax — Tax on a Bookmaker s turnover. In the UK this is a Duty levied on every Pound wagered. Common methods of recouping this by the punter are to deduct tax from returns (winnings) or to pay tax with the stake/wager. In the latter case, no tax is… …   Equestrian sports dictionary

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  • European Union Value Added Tax — The European Union Value Added Tax ( EU VAT ) is the system of value added tax ( VAT ) adopted by member states in the European Union Value Added Tax Area. The European Union itself does not collect the tax, but member states of the European… …   Wikipedia

  • Equestrian Sports — ▪ 2009 Introduction Thoroughbred Racing. United States.       A seemingly invincible three year old colt named Big Brown took American Thoroughbred racing by storm during the 2008 spring classic season. In the 134th Kentucky Derby on May 3, Big… …   Universalium

  • Greyhound racing — Dog racing redirects here. For other uses, see Dog racing (disambiguation). Several greyhounds before a race. Greyhound racing is the sport of racing greyhounds. The dogs chase a lure (traditionally an artificial hare or rabbit ) on a track until …   Wikipedia

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