Betting Duty Relief Update
In our last update, we looked at the Betting Duty and Betting Intermediary (Amendment) Regulations 2020 which offer relief of up to €50,000 across a calendar year to bookmakers from the 2% Irish betting duty. The relief applies to bookmakers that hold an Irish bookmaker, remote bookmaker or remote betting intermediary licence. The aim of the regulations is to provide financial support to small, independent bookmakers, however, the relief is available to all bookmakers regardless of size.
The Irish Revenue Commissioners (Irish Revenue) has now published guidance on how to apply for the betting duty relief. This latest guidance provides a summary of the relief, how to claim the relief and state aid implications.
We look at the key points from the guidance including, how to claim the relief, eligibility and State aid implications.
For more information please contact any member of A&L Goodbody's Betting, Gaming & Licensing team.
Date published: 8 April 2020