Published
Legal & RegulatorySports Betting

Irish bookmakers association looks to reduce tax for smaller operators

The

irishflag
Irish bookmakers association has sent in their review of the 2015 betting regime to remote bookmakers and betting exchanges for the Department of Finance. The review also looked to identify the potential effects on exchequer revenues and the bookmaking industry, including the remote sector. The IBA found that in order to secure the future of smaller operators the current 1% revenue tax should be addressed.

Sharon Byrne, Chairperson, Irish Bookmakers Association stated in the review: “In recognition of the severe disadvantage retail operators have had for many years, and to save thousands of jobs, the Tax Strategy Group should consider lowering the 1% tax rate for shops with turnover of €2m or less per year, and this should be financed by using part of the increased receipts from the extension of the tax net.”

The IBA go on to explain that the funds could be covered by the inclusion of lottery and other excluded games: “All sectors of gambling should be included in the betting tax net (some activities such as the national lottery and the Tote are still excluded), the tax regime should support the hard-pressed retail sector because of its economic, regional and employment roles.

“The sector still provides a significant economic contribution with regionally spread employment, over 8,000 jobs and tax receipts of €65 million.”

The IBA will be hoping that the review will be taken into consideration by Minister of State Eoghan Murphy who had initially asked for the research to be compiled.

Premium+ Connections
Premium
 
Premium
 
Premium
 
 
Premium
 
Premium
 
Premium
 
Premium
 
Premium
 
Premium
 
Premium
 
Premium
 
Premium
 
Premium
 
Premium Connections
Consultancy
Executive Profiles
Chicken Ranch Casino
The Responsible Gambling Affiliate Association (RGAA)
Catena Media
Gambling Commission
Follow Us
The most prestigious Awards in the industry are heading to the Philippines! The Global Gaming Awards Asia-Pacific will recognise and reward (as the name suggests) the strongest performers from the Asia-Pacific gaming industry across the previous 12 months.
This year's winners will be announced at a luncheon ceremony on Day 2 of SiGMA Asia, 4th June, in Manila.
The eleventh annual Global Gaming Awards Americas will recognize and reward the gaming industry's strongest performers across the previous 12 months. These are the most prestigious and trusted Awards in the industry and have gained respect amongst industry heavyweights, due to the strict rules and procedures put in place.

Facing Facts: Operator Q3s from across the globe

Gambling Insider compares Q3 2023 results from major gamblin...

Taking Stock: Operators and suppliers across the world

Sticking with our theme of gambling across the globe, Gambli...

CEO Special: Jade Entertainment and Gaming CEO Joe Pisano - down to earth

Jade Entertainment and Gaming CEO Joe Pisano speaks to Gambl...

CEO Special: Betfred CEO Joanne Whittaker - saying it as it is

Betfred CEO Joanne Whittaker joins Gambling Insider Editor T...