Mr. Brian Kavanagh:

It is dissimilar to the situation with a car, if one sees a Ford Mondeo in a showroom that is advertised at €20,000, but in the course of haggling with the dealer ends up paying €15,000, one does not pay motor tax on a Ford Focus, one pays it on a Ford Mondeo. If one is fortunate enough to be able to negotiate a better rate for the covering, bearing in mind it is a small fraction of the overall cost of producing that foal, then the levy is based on the deemed rate by Horse Racing Ireland.