Tuesday, 15 May 2018

Ceisteanna (175)

Pearse Doherty

Ceist:

175. Deputy Pearse Doherty asked the Minister for Finance the estimated revenue that would be generated by measures (details supplied). [21202/18]

Amharc ar fhreagra

Freagraí scríofa (Ceist ar Finance)

I am advised by Revenue that a Ready Reckoner is available on the Revenue Statistics webpage at www.revenue.ie/en/corporate/information-about-revenue/statistics/ready-reckoner/index.aspx. This Ready Reckoner shows a wide range of detailed information, including changes to the Betting Duty rate (page 23). While the Ready Reckoner does not show all of the specific costings requested by the Deputy, others can be estimated from those shown on a pro-rata or straight line basis with those displayed in the Ready Reckoner. The additional yield from increasing the commission based tax on betting intermediaries to 20%, 24% and to 30% is estimated at €0.6m, €1.1m and €1.8m respectively in a full year.

As regards the difference between placing the 3% on each bet and on winnings, Revenue has no basis on which to estimate the yield or cost of this change.