Irish Horseracing Industry 1994

F52[Turnover charge payable by licensed bookmakers on off course bets.


54D.—(1) A licensed bookmaker who enters into a bet on any event, subject to the duty of excise imposed by section 24 of the Finance Act, 1926, shall pay to the Revenue Commissioners for and on behalf of the Authority a turnover charge on such bet of F53[zero per cent.] or such other percentage of not more than 2.5 per cent. as the Minister, with the consent of the Minister for Finance, may from time to time, specify in regulations.

(2) Any percentage specified by regulations under subsection (1) shall be the percentage specified for the purposes of section 54A(2)(b) and of section 32A(2)(b) of the Greyhound Industry Act, 1958.

(3) The provisions of sections 24(4), 25 and 26 of the Finance Act, 1926, and section 32 of the Finance Act, 1929, shall, subject to any necessary modifications, apply to the turnover charge imposed by subsection (1).]




Inserted (25.07.1999) by Horse and Greyhound Racing (Betting Charges and Levies) Act 1999 (24/1999), s. 4(1), S.I. No. 211 of 1999, art. 2.


Substituted (29.07.2001) by Horse and Greyhound Racing Act 2001 (20/2001), s. 19(1), S.I. No. 363 of 2001, art. 2.