Written answers

Tuesday, 21 November 2023

Photo of Catherine MurphyCatherine Murphy (Kildare North, Social Democrats)
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176. To ask the Minister for Finance the amount of betting duty collected between 1 January and 31 December 2022; the amount collected to date in 2023; the amount in betting intermediary duty collected between 1 January and 31 December 2022; and the amount collected to date in 2023, in tabular form. [50936/23]

Photo of Michael McGrathMichael McGrath (Cork South Central, Fianna Fail)
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I am advised by Revenue that the receipts from Betting Duty for the year 2022, and prior years, are available on the Revenue website at: www.revenue.ie/en/corporate/information-about-revenue/statistics/excise/receipts-volume-and-price/betting-duty-receipts.aspx.

The provisional Betting Duty receipts for January to October 2023 are €102.7m. The breakdown of these receipts is shown in the following table.

Head of Duty € million
Betting Duty 47.7
Remote Betting Duty 51.2
Betting Commissions 3.8
Total 102.7

Photo of Catherine MurphyCatherine Murphy (Kildare North, Social Democrats)
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177. To ask the Minister for Finance the estimated full-year yield that would be generated by establishing three new income tax bands of 47% on earnings between €140,000 and €190,000, 52% on earnings between €190,001 and €250,000 and 58% on earnings over €250,001. [50937/23]

Photo of Michael McGrathMichael McGrath (Cork South Central, Fianna Fail)
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I am advised by Revenue that the estimated first and full year yield to the Exchequer of establishing three new income tax bands of 47% on earnings between €140,000 and €190,000, 52% on earnings between €190,001 and €250,000 and 58% on earnings over €250,001 is €1,795 million and €2,285 million respectively.

The estimated yields are calculated on a taxpayer unit basis with a jointly assessed couple counted as one unit.

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