Finance Act 2013

Amendment of Chapter 1 (betting duty) of Part 2 of Finance Act 2002.

57.— (1) Chapter 1 of Part 2 of the Finance Act 2002 is amended—

(a) in section 67 by inserting the following after subsection (3):

“(3A) (a) Subject to paragraph (b) and to such conditions as the Revenue Commissioners may prescribe or otherwise impose, a bookmaker shall not be liable for betting duty on a bet made, laid or otherwise entered into by the bookmaker where it is shown to the satisfaction of the Revenue Commissioners to have been transferred by that bookmaker to another bookmaker and accepted by the other bookmaker.

(b) Where paragraph (a) applies, the bet so transferred shall, from the time it is accepted by that other bookmaker, be liable to betting duty under subsection (1) and that other bookmaker shall be liable for payment of the betting duty.”,


(b) in section 77(1)—

(i) in paragraph (b) by substituting “betting duty, and” for “betting duty,”,

(ii) in paragraph (c) by substituting “them.” for “them, and”, and

(iii) by deleting paragraph (d).

(2) Chapter 1 of Part 2 of the Finance Act 2002 is further amended in section 77(1) (as amended by subsection (1) (b))—

(a) by substituting “securing the payment of any duty imposed by this Chapter” for “securing the payment of betting duty”,

(b) in paragraph (b) by substituting “duty” for “betting duty”, and

(c) by substituting the following for paragraph (c):

“(c) requiring the maintenance and production by bookmakers, remote bookmakers and remote betting intermediaries of their books, accounts, vouchers, and other records relating to the business carried on by them.”.

(3) Subsection (2) comes into operation on such day or days as the Minister for Finance may appoint by order and different days may be so appointed for different provisions or for different purposes.