International edition
June 22, 2021

1 percent tax bump for betting shop wagers

Irish online gambling tax put on back burner

Irish online gambling tax put on back burner
(Ireland).- The Irish government announced that its online gambling tax will suffer a delay due to operators serving the Irish market will not be subject to the new tax until first months of 2015 at the earliest.
Ireland | 12/19/2014

(Ireland).- The Irish government announced that its online gambling tax will suffer a delay due to operators serving the Irish market will not be subject to the new tax until first months of 2015 at the earliest.

T

his plan to implement the tax can be traced back as far as 2011, when the government sought to apply the 1% tax on betting shop wagers to those also placed at the websites of online gambling operators. The tax will only be applied to Irish-based punters who make the bets.

To get to this point, the new tax legislation has been delayed on a number of occasions. The current delay has been the result of questioning from Malta, who also managed to delay the launch of similar legislation in the UK, and which came into law on 1 November 2014.

Irish finance minister Michael Noonan has spoken of his frustration at the delays and has promised “to progress all remaining stages of the Bill through the [parliament]” once the standstill has ben ended. Yet, the tax could still take months to become law, as there will be time required to pass the bill through parliament.

Irish operator

Paddy Power has stated that the tax increase would have cost its organisation 7 million euros in profit in 2013. However, the upcoming 1% rate is far below the 15% rate that is now applied to UK online gambling operations.

What is your opinion about this article?
  • I like it
    %
    0 votos
  • I don't like it
    %
    0 votos
  • I have not thought about it
    %
    0 votos
Leave your comment
Newsletter Subscription
Subscribe to receive the latest news and updates
Enter a valid email
Complete the captcha
Thank you for registering to our newsletter.
Follow us on Facebook