Dáil
‹ Ceisteanna—Questions. Oral Answers. - On-Course Betting Tax. On-course betting tax
Summary
On-course horse-race betting is subject to 1.5% stamp duty; it yielded £207,361 in the first chargeable quarter and £786,785 in 1981.
asked the Minister for Finance the rate of tax levied on oncourse betting at horse races; and the yeild from this tax each year since the duty was introduced.
Comment on this
(Clare): The Finance Act, 1980, provided that stamp duty at the rate of 1.5 per cent be charged on oncourse betting at horse races.
The duty is charged on a quarterly basis. The yield for the quarter ending on 30 September 1980, the first quarter for which it was chargeable, amounted to £207,361. The yield in the year 1981 was £786,785.