Spread betting return by Keyconsulting UK

1. General Betting Duty
Spread Betting Return
For the period ending
to
Period
Due to reach
CAT by
Betting Duty
Reference No.





You must make sure the Cumbernauld Accounting Team at HMRC Banking, St Mungo's Road, Cumbernauld, Glasgow G70 5WY receive
this completed form and any duty payable no later than the 15th day following the end of the accounting period.
Allow for delays in the post.
Envelopes have been provided for your use.
'NIL' returns are required.
We accept payment by a range of methods but recommend that you make your payment electronically using one of the following options:
- BACS Direct Credit, Internet/Telephone Banking or CHAPS. You will need to provide your bank or building society with the following details: Sort
code: 08-32-00. Account number: 12000911. Account name: HMRC GACA. Payment amount. Your unique Betting Duty Reference Number.
- By Post if you are unable to pay by one of the options detailed above you should send a cheque with your return to the above address. Cheques
should be made payable to ‘HM Revenue & Customs only’ followed by your Betting Duty Reference Number.
Column 1
Financial spread bets
READ THE NOTES OVERLEAF BEFORE YOU COMPLETE THIS FORM
1.
Carry forward of losses from previous accounting period.
5.
Balance due for duty calculation (Box 3 minus Box 4)
6.
Duty due on bets
7.
Additions of any underdeclaration made on previous return(s)
8.
Net tax due
9.
p
Amount of net stake receipts for bets
4.
£
Aggregate of amounts paid as winnings by you in the period
3.
p
Aggregate of amounts due to you for bets made in the period
2.
£
Column 2
Other spread bets
Total duty due – column 1 Box 8 amount plus column 2 Box 8 amount
For official use
Declaration by signatory
Amount received
£
p
I,……………………………………………………………………………………….…………
(Full name in capital letters)
declare that I am an authorised signatory and that the information given above
is true and complete.
A remittance for the duty due is enclosed/has been paid electronically. (Delete as
appropriate).
Remittance
Code
Ø
1
3
5
7
Signed ……………………………………………………………………………………………..
Date..……………………………………………………………………………………………….
You can avoid penalties by taking care that we get your accurately completed
return and full payment by the due date. If you give incomplete or inaccurate
information, we may charge a financial penalty or even prosecute you. You have
the right to appeal if we impose such a penalty.
BD211A
(HMRC 01/11)

2. Notes on completing form BD211A
'For the period' – Under the form title, insert the accounting period dates appropriate to this return. (For example:
01/12/2010 to 31/12/2010). These must be the dates agreed by HM Revenue and Customs, which are normally a
standard calendar month, but can also include non-standard accounting periods.
Name and address – Include your business name, any trading name, full business address and post code.
'Period' – Insert your accounting period in numbers mm/yyyy (for example: 12/2010).
'Due to reach CAT by' – Insert the 15th day following the end of the accounting period for this return (For example:
15/01/2011).
'Betting Duty Reference No' – Insert your unique 9 digit reference number (such as 123456789 - this reference is only
an example and should not be used).
IMPORTANT NOTE: Your completed return, with full payment of duty, must reach the Cumbernauld Accounting
Team (CAT) no later than the ‘due date’. This will be the 15th day following the end of the accounting period to
which the return relates. Where the 15th day is not a business day (that is, a Saturday, Sunday or public holiday),
your return and payment must reach CAT by the last business day before the 15th day.
Please make sure that all boxes are completed with either figures or, if appropriate, ‘NIL’.
Box 1 – include in the appropriate box all bet related income received by you for each class of spread bets in the
accounting period.
Box 2 – include in the appropriate box the value of bet related winnings paid out by you in each class of spread bets in
the accounting period. If you have credit customers you may include winnings notified to them (for example, by sending
them statements of account).
Box 3 – show in this box the value of Box 1 less the value of Box 2 for each class of spread bets. If the value in Box 2 is
greater than the value in Box 1 the result should be bracketed.
Note: If the value in Box 2 is greater than the value in Box 1, show the negative amount in brackets to show you have
made a loss.
Box 4 – show in the appropriate column any losses carried forward from the previous period. Only enter the negative
amount taken from Box 5 on the previous return (shown in brackets). You can only show losses for the same class of bets
(such as, financial or other spread bets). If no loss is claimed, show ‘NIL’. Return form BD211 covers fixed odds betting.
Note: If you discover a loss, which occurred earlier than the previous accounting period but was not claimed on any
return, do not enter here. If you wish to reclaim any overdeclaration of duty resulting from this earlier unrecorded loss,
contact the Cumbernauld Accounting Team (CAT) for advice on how to make a claim.
Box 5 – show the balance for calculating duty (Box 3 minus Box 4). This will always be the same as Box 3 unless you
have adjusted for a loss in Box 4.
Box 6 – show in each column the duty due for the accounting period. This will normally be the Box 5 amount multiplied by
the rate of duty applicable.
Note: If the value in Box 5 is zero or a negative amount, enter 'NIL' in Box 6.
Box 7 – show in the appropriate column any duty underpayments made in previous returns (except those notified in
writing by HM Revenue & Customs).
Box 8 – this box contains the amount of duty payable for each class of spread bets in this accounting period and, if there
is no entry in Box 7, it will be the same as the Box 6 amount.
Box 9 – show in this box the total amount of duty payable in this accounting period for financial spread bets and other
spread bets. This will be the amount entered in column 1 of Box 8 plus the amount entered in column 2 of Box 8.
If you need further help
You can download a copy of Notice 451 General Betting Duty from the same website at www.hmrc.gov.uk or phone our
Excise Helpline on 0845 010 9000.
BD211A
(HMRC 01/11)