Dáil Éireann Debate, Tuesday - 27 July 2021
353. Deputy Ged Nash asked the Minister for Finance the yield to Exchequer from the betting duty in each of the past three years; the anticipated yield that would accrue to the Exchequer from increasing the betting duty from 2% to 3% and increasing the duty of 25% on commissions earned by betting intermediaries to 30%; and if he will make a statement on the matter. [39908/21]
View answerI am advised by Revenue that the Ready Reckoner, which is published on the Revenue website, shows on page 26, the estimated yield from changes to the Betting Duty rate. I am further advised that an estimate for the increase in the duty on commissions is not presently available. However, a tentative estimate for the increase to 30% is approximately €1 million.
Revenue has confirmed that Betting Duty receipts from traditional, remote and betting intermediaries is available for 2018 and 2019 on the Revenue website.
The breakdown of the 2020 receipts is provided in the table below.
|
Licence Type |
Receipts €m |
|
Traditional |
38.7 |
|
Remote |
44.5 |
|
Intermediary |
3.6 |
