Written answers

Thursday, 5 November 2009

10:00 am

Photo of Mary UptonMary Upton (Dublin South Central, Labour)
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Question 70: To ask the Minister for Finance the estimated tax take from the reintroduction of the 1% betting levy on on-course gambling; the estimated revenue generated if this figure as 1.5%; and if he will make a statement on the matter. [39829/09]

Photo of Brian Lenihan JnrBrian Lenihan Jnr (Dublin West, Fianna Fail)
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Based on an estimate of around €230 million of bets having been placed with on-course bookmakers at race meetings over the twelve month period to 31 August 2009, it is estimated that applying the 1% betting duty to such bets would have yielded the Exchequer approximately €2.3 million and a 1.5% betting duty would have yielded the Exchequer approximately €3.45 million.

The on-course duty was reduced to zero in 1999 in the context of the reduction in the off-course duty at that time and the importance of supporting attendances at race meetings.

Photo of Mary UptonMary Upton (Dublin South Central, Labour)
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Question 71: To ask the Minister for Finance the estimated tax take from increasing the betting levy from 1% to 1.5%; and if he will make a statement on the matter. [39830/09]

Photo of Brian Lenihan JnrBrian Lenihan Jnr (Dublin West, Fianna Fail)
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I am informed by the Revenue Commissioners that it is estimated that the additional full year yield to the Exchequer from increasing the betting duty from 1% to 1.5% would be in the region of €15 million.

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