Greyhound Industry Act 1958

F31[Levies payable by authorised bookmakers on bets.

32

32.—(1) (a) A licensed bookmaker who enters into a bet at a greyhound race track, on an event taking place there or elsewhere, other than by means of telecommunications from outside the race track, shall pay to the Board a levy on such bet.

(b) The rates of levy payable under paragraph (a) of this subsection shall be —

(i) in respect of a bet with a licensed bookmaker other than in a betting office and placed solely on a greyhound race taking place at the greyhound race track at which the bet is placed, zero per cent. or such other percentage of not more than 5 per cent. as the Board, with the consent of the Minister, may from time to time prescribe, or

(ii) in respect of all bets placed in a betting office at a greyhound race track and in respect of any bet placed at a greyhound race track where all or any part of that bet relates to an event being either a greyhound race or any other event taking place elsewhere, the same rate of levy as that rate of excise duty which would apply under section 24 of the Finance Act, 1926 (as amended by section 117 of the Finance Act, 1999 ), to such bet if it was placed other than at a greyhound race track.

(c) If the event the subject of a bet under paragraph (b)(i) of this subsection is determined in favour of the person with whom the bookmaker enters into the bet, the bookmaker shall, from the total amount which he would otherwise pay or credit to that person in respect of the bet, make a deduction calculated at the rate of percentage referred to in that subparagraph of that total amount.

(d) For the purposes of this section the amount of a bet shall be taken to be the sum which, by the terms of the bet, the bookmaker by whom it is entered into, will be entitled to receive, retain or take credit for if the event the subject of the bet, is determined in his favour.

(2) Subsection (1)(b)(ii) of this section shall come into operation on such day as the Minister may appoint by order.]

Annotations:

Amendments:

F31

Substituted (25.07.1999) by Horse and Greyhound Racing (Betting Charges and Levies) Act 1999 (24/1999), s. 11(1), S.I. No. 211 of 1999.

Editorial Notes:

E149

Power pursuant to subs. (2) exercised (25.07.1999) by Greyhound Industry Act 1958 (Section 32(1)(b)(ii)) (Commencement) Order 1999 (S.I. No. 212 of 1999).

2. The 25th day of July, 1999, is hereby appointed as the day on which subparagraph (ii) of section 32 (1)(b) (inserted by section 11 of the Horse and Greyhound Racing (Betting Charges and Levies) Act, 1999 (No. 24 of 1999)) of the Greyhound Industry Act, 1958 (No. 12 of 1958), shall come into operation.

E150

Power pursuant to section exercised (1.04.1985) by Greyhound Race Track (Levy) (Percentage) Regulations 1985 (S.I. No. 79 of 1985), in effect as per reg. 2.

E151

Previous affecting provision: power pursuant to section exercised (21.04.1990) by Greyhound Race Track (Levy) (Percentage) (Amendment) Regulations 1990(S.I. No. 82 of 1990), in effect as per reg. 2; spent.

E152

Previous affecting provision: power pursuant to section exercised (1.07.1980) by Greyhound Race Track (Levy) (Percentage) Regulations 1980 (S.I. No. 183 of 1980), in effect as per reg. 2; revoked (1.04.1985) by Greyhound Race Track (Levy) (Percentage) Regulations 1985 (S.I. No. 79 of 1985), reg. 4, in effect as per reg. 2.

E153

Previous affecting provision: power pursuant to section exercised (4.04.1977) by Greyhound Race Track (Levy) (Percentage) Regulations 1977 (S.I. No. 91 of 1977), in effect as per reg. 4; revoked (1.07.1980) by Greyhound Race Track (Levy) (Percentage) Regulations 1980 (S.I. No. 183 of 1980), reg. 4, in effect as per reg. 2.

E154

Previous affecting provision: power pursuant to section exercised (15.06.1964) by Greyhound Race Track (Levy) (Percentage) Regulations 1964 (S.I. No. 131 of 1964), in effect as per reg. 4; revoked (4.04.1977) by Greyhound Race Track (Levy) (Percentage) Regulations 1977 (S.I. No. 91 of 1977), in effect as per reg. 4.

E155

Previous affecting provision: power pursuant to section exercised (18.11.1958) by Greyhound Race Track (Levy) (Percentage) Regulations 1958 (S.I. No. 228 of 1958), in effect as per reg. 3; revoked (15.01.1964) by Greyhound Race Track (Levy) (Percentage) Regulations 1964 (S.I. No. 131 of 1964), reg. 1, in effect as per reg. 4.