Paul McGrath
Question:285 Mr. P. McGrath asked the Minister for Finance the rate of off-course betting tax for each of the past ten years; and the returns to the Exchequer on this tax for those years. [20061/02]
Written Answers. - Tax Yield.
The following are the rates of off-course betting tax for the past ten years: the rate to 30 June 1999 was 10%; the rate from 1 July 1999 to 30 April 2002 was 5%; and the rate from 1 May 2002 was 2%. The yield from that tax for the past ten years is set out in the following table:
|
Year |
Yield (£m) |
Yield (€m) |
|
1992 |
32.40 |
41.14 |
|
1993 |
34.33 |
43.59 |
|
1994 |
36.05 |
45.77 |
|
1995 |
38.21 |
48.52 |
|
1996 |
40.64 |
51.60 |
|
1997 |
45.52 |
57.80 |
|
1998 |
52.1 |
66.1 |
|
1999 |
53.4 |
67.8 |
|
2000 |
46.3 |
58.8 |
|
2001 |
53.6 |
68.6 |
Figures for 2002 show the yield to end August 2002 as approximately €35 million.