Finance Act, 1995

Amendment of section 89 (exemption from duty on certain bets) of Finance Act, 1994.

113.Section 89 of the Finance Act, 1994 , is hereby amended by the substitution of the following subsection for subsection (1):

“(1) (a) The duty on bets to which section 24 of the Finance Act, 1926 , relates shall not be charged or levied on bets entered into on or after the commencement of this subsection where such bets—

(i) are entered into during and at a race-meeting held at an authorised racecourse, within the meaning of the Irish Horseracing Industry Act, 1994 , and

(ii) are in respect of one or more than one event taking place at a place other than at such meeting.

(b) The provisions of paragraph (a) shall not apply to bets entered into by any means of telecommunications.”.