Finance Act, 1980
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Stamp duties on course bets. |
86.—(1) In this section “quarter” means a period of three months ending on 31st day of March, 30th day of June, 30th day of September or 31st day of December. | |
(2) (a) (i) The Racing Board shall, within 30 days from the end of the quarter ending on the 30th day of September, 1980, and within 30 days from the end of each quarter thereafter, deliver to the Revenue Commissioners a statement showing the amount arrived at by deducting from the aggregate amount of course bets entered into during that quarter the aggregate amount of course bets in respect of which a repayment or remission has been made during that quarter under section 27 (3) of the Racing Board and Racecourses Act, 1945 . | ||
(ii) In this paragraph “course bet” has the same meaning as it has in the Racing Board and Racecourses Act, 1945 , and any reference to the amount of a course bet shall be construed as a reference to the amount of such bet as defined by section 27 (2) of that Act. | ||
(b) (i) Bord na gCon shall, within 30 days from the end of the quarter ending on the 30th day of September, 1980, and within 30 days from the end of each quarter thereafter, deliver to the Revenue Commissioners a statement showing the amount arrived at by deducting from the aggregate amount of course bets entered into during that quarter the aggregate amount of course bets in respect of which a repayment or remission has been made during that quarter under section 32 (3) of the Greyhound Industry Act, 1958 . | ||
(ii) In this paragraph “course bet” has the same meaning as it has in the Greyhound Industry Act, 1958 , and any reference to the amount of a course bet shall be construed as a reference to the amount of such bet as defined by section 32 (2) of that Act. | ||
(3) There shall be charged on every statement delivered in pursuance of subsection (2) of this section a stamp duty at the rate of 1.5 per cent. of the amount so arrived at therein. | ||
(4) There shall be delivered to the Revenue Commissioners by the Racing Board or Bord na gCon, as the case may be, such particulars as the Revenue Commissioners may deem necessary in relation to any statement required to be delivered by this section. | ||
(5) (a) The duty charged by subsection (3) of this section upon a statement delivered pursuant to subsection (2) (a) of this section shall be paid by the Racing Board upon delivery of the statement. | ||
(b) The duty charged by subsection (3) of this section upon a statement delivered pursuant to subsection (2) (b) of this section shall be paid by Bord na gCon upon delivery of the statement. | ||
(6) In the case of failure to deliver any statement required by subsection (2) of this section within the time specified in that subsection or of failure to pay the duty chargeable on any such statement on the delivery thereof, the Racing Board or Bord na gCon, as the case may be, shall be liable to pay, in addition to the duty, interest thereon at the rate of 15 per cent. per annum from the expiration of the quarter to which the statement relates until the day on which the duty is paid. | ||
(7) The delivery of any statement required by subsection (2) of this section may be enforced by the Revenue Commissioners under section 47 of the Succession Duty Act, 1853 , in all respects as if such statement were such account as is mentioned in that section and the failure to deliver such statement were such default as is mentioned in that section. |