Oireachtas Joint and Select Committees

Thursday, 27 February 2014

Public Accounts Committee

Payments to Section 39 Companies: Discussion

1:30 pm

Mr. John McGuire:

In very simple terms, we invoice them for the gross value, less the commission, less the value of the low-end prizes, and they do not pay for them upfront because we give them credit to allow them time to sell the tickets.

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