Pearse Doherty
Ceist:264. Deputy Pearse Doherty asked the Minister for Finance the estimated return to the Exchequer from increasing the tax on betting shop profits from 1% to 5%. [38297/12]
Amharc ar fhreagraTuesday, 18 September 2012
Ceisteanna (264)
Freagraí scríofa
It is assumed that the Deputy is referring to an increase in the rate of Betting duty, which currently stands at 1% and which is on top of other taxes such as corporation tax and income tax as appropriate. I am informed by the Revenue Commissioners that if the rate was increased from 1% to 5%, the yield would be in the region of €135m in a full year. However, this is a straight line calculation and does not take account of the impact of such a rate on betting activity or any other variables.