Betting Duty and Betting Intermediary Duty (Amendment) Regulations 2020

Cited as:IR SI 1/2020
Jurisdiction:Ireland

S.I. No.1of2020

Betting Duty and Betting Intermediary Duty (Amendment) Regulations 2020

The Revenue Commissioners, in exercise of the powers conferred on them by section 77 of the Finance Act 2002 (No.5 of 2002), hereby make the following regulations:

Citation and commencement

1. (1) These Regulations may be cited as the Betting Duty and Betting Intermediary Duty (Amendment) Regulations 2020.

(2) These Regulations come into operation with immediate effect.

Interpretation

2. In these Regulations, “Principal Regulations” means the Betting Duty and Betting Intermediary Duty Regulations 2015 (S.I. No. 341 of 2015).

Amendment of Regulation 2 of Principal Regulations

3. Regulation 2 (1) of the Principal Regulations is amended by inserting the following definitions:

“ ‘aid’ has the same meaning as it has under section 64 of the Act of 2002;

‘Commission Regulation (EU) No. 1407/2013’ has the same meaning as it has under section 64 of the Act of 2002;

‘relief’ means relief provided for under section 68A of the Act of 2002;”

Insertion of new Regulation 2A into Principal Regulations

4. The Principal Regulations are amended by inserting after Regulation 2 the following:

Reliefs

2A. (1) Subject to subsection (2), relief under section 68A of the Act of 2002 may be claimed in an accounting period in respect of the betting duty or betting intermediary duty payable in that accounting period.

(2) The maximum amount of relief under section 68A of the Act of 2002 that may be claimed for each accounting period of a calendar year shall be determined by the following formula –

where –

R is the maximum amount of relief that may be claimed in an accounting period of a calendar year,

A is the maximum amount of relief that may be claimed in a calendar year under section 68A(1) of the Act of 2002,

B is the total number of days of carrying on the business of a bookmaker, remote bookmaker or remote betting intermediary during the accounting period to which the betting duty or betting intermediary duty payable relates, and

C is the total number of days in the calendar year in which the relief is being claimed.

(3) Notwithstanding subsection (2), where all or part of the relief that may be claimed in an accounting period has not been claimed in that period, the amount of relief not claimed may be carried into the next accounting period and aggregated with the amount of relief that may be claimed in that accounting period.

(4) Subsection (3) does not apply to the final accounting period of a calendar year.”.

Amendment of Regulation 3 of Principal Regulations

5. Regulation 3 of the Principal Regulations is amended –

(a) by inserting after paragraph (2) the following:

“(2A) A bookmaker, remote bookmaker or remote betting...

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