Ireland to review betting tax

Irel

ireland
and’s finance ministry has confirmed it has launched a high level review of current Irish betting tax rules, with a view to reforming them.

Betting tax has been included as part of a wider review by the Tax Strategy Group, which was mandated by the 2016 Finance Bill.

The review focuses on the remote sector, notably on the effect of changes made to both industry and government by the 2015 Betting (Amendment) Act and the impact of a potential increase in the rates of betting duty.

It seeks feedback to confirm if the current model of taxation on turnover is appropriate for the industry and which levels of betting tax are appropriate.

The review also looks to assess the potential industry appetite for moving bookmaking taxation from the bookmaker to the bettor and potential bettor taxation avenues which could be used.

Operators are required to submit their feedback to the Irish Department of Finance by 19 June in order for their views to be considered as part of the review.

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