SCHEDULE 11Exempt Lotteries
Part 1Incidental F1... Lotteries
The exemption
1
(1)
A lottery is exempt if—
(a)
it is incidental to F2an event (“the connected event”), and
(b)
the conditions specified in this Part are satisfied.
(2)
A lottery to which sub-paragraph (1) applies is referred to in this Part as an incidental F3... lottery.
F42
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Deductions from proceeds
3
The promoters of an incidental F5... lottery may not deduct from the proceeds of the lottery more than the prescribed sum in respect of the cost of the prizes (irrespective of their actual cost).
4
The promoters of an incidental F5... lottery may not deduct from the proceeds of the lottery more than the prescribed sum in respect of costs incurred in organising the lottery (irrespective of the amount of the costs incurred).
Purpose of lottery
5
An incidental F5... lottery must be promoted wholly for a purpose other than that of private gain.
No rollover
6
The arrangements for an incidental F5... lottery must not include a rollover.
Connection between lottery and event
7
(1)
No lottery ticket for an incidental F5... lottery may be sold or supplied otherwise than—
(a)
on the premises on which the connected event takes place, and
(b)
while the connected event is taking place.
F6(2)
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Interpretation: “prescribed”
8
In this Part “prescribed” means prescribed by the Secretary of State by regulations.