Tag Archives: Paschal Donohoe

Irish bookies to receive tax relief under 2020 budget

Announced as part of the Irish financial budget for 2020, bookmakers are set to receive a  €50,000 a year relief from the 2 per cent tax levied on betting in the Republic which is hoped will support the country’s independent bookmaking sector.  Minister for Finance Paschal Donohoe confirmed yesterday that bookmakers across the Republic will not be subject to tax …

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Irish gaming bill advances to the next stage

Ireland’s temporary legislation for the betting and gaming industry, the Gaming and Lotteries Bill 2019, has been given the green light to advance to the committee stage in the Dáil Éireann. The legislation seeks to enforce an age restriction of 18 years old on all betting and gaming products across Ireland, as well as limit gaming machine stakes and prizes …

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Paschal Donohoe backs 2% betting levy despite Irish job concerns

Irish Minister for Finance Paschal Donohoe has backed the country’s betting tax regime following a number of claims from Irish TD’s that the increased levy has put over 1,800 jobs at risk.   Speaking at the Dáil yesterday,  Sinn Féin’s finance spokesman Pearse Doherty emphasised to the committee that first quarter results for the industry have demonstrated that smaller, independent …

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Ireland to drop 2% turnover tax for favoured two-tier approach

The Irish Independent has this weekend reported that the Dáil Éireann will move to present a two-tiered betting tax plan to the European Commission for EU-wide regulatory approval. Following extensive industry consultations, the Irish government is reported to be dropping its formerly approved ‘2% turnover betting tax’, moving towards a more favourable dual tax system differentiating between retail and digital …

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Critical Mandate… IBA Ireland backs new Trust with €1 million funding

Irish betting/gambling stakeholders have agreed to establish the ‘Gambling Awareness Trust’, aiming to improve Ireland’s problem-gambling harm networks, counselling, research and treatment. The Trust has been established as an independent charity and has received a commitment of €1 million in initial funding from the Irish Bookmakers Association (IBA). In its mandate, the Gambling Awareness Trust seeks to fund research of …

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Irish Finance Minister disregards lottery betting worries

Claims that lottery betting could be a detriment to the Irish national lottery have been dismissed by the Irish Minister for Finance, Paschal Donohoe, who cited a lack of evidence. Speaking in response to a Parliamentary question, Donohoe stated that he does not believe that there is “any evidence of a significant impact on the national lottery arising from online …

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Irish betting nerves tested by critical tax judgement

Ireland is awaiting the final review of its proposed bookmakers’ turnover tax hike which would effectively double the tax that bookmakers are obliged to pay from one to two per cent. Numerous industry stakeholders have voiced concerns surrounding the damaging effects that the tax hike could have on the Irish gambling industry, and especially how the tax hike would affect …

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Seven Up for Aspire Global through Irish sportsbook licence

Aspire

Aspire Global has seen its pool of sportsbook licences increase to seven, after being granted the necessary approval from the Irish sports betting authority. The new licence, which is likely to be complemented by an eighth in Sweden in early 2019, will increase Aspire’s share of revenues generated from regulated or soon-to-be regulated markets. The firm’s other licences are for …

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Finance Minister confirms review of Irish betting tax

According to the Times, the Irish Finance Minister Paschal Donohoe has confirmed a decision to review plans to double betting tax, after warnings from Irish Bookmakers Association (IBA) that the move would lead to significant job losses. The decision means there is likely to be a delay to the potential tax hike, which were due for implementation at the commencing …

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Irish bookmaker tax doubles in latest budget

In a devastating blow to Irish bookmakers, the national budget was unveiled yesterday delivering a significant increase to betting tax in the country. After much speculation and heated debate, Ireland’s Minister for finance Paschal Donohoe increased the overall betting tax in the country to two per cent, reversing the 2007 budget which had previously halved it to one per cent. …

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