As an illustrative example, an average licensed betting office makes the following contribution to the national exchequer and the local authority in which it is located:
- Turnover 3,000,000
- Gross Profit (@10%)300,000
- Net Profit (@3%) 90,000
- Betting Tax (@ 1%) 30,000
- PAYE/PRSI 20,000
- VAT 20,000
- Rates 7,500
- Corporation Tax 11,250
- Total Taxation 88,750
Taxation as a % of profit 98.6%
The IBA have created several posters for betting shops to display which prevents the admission of persons under the age of 18 onto the premises.
I would urge all members to be extra vigilant, and to operate a 'Look 21' policy. This would require staff to ask all persons that look under the age of 21 for id, to ensure they are over 18.
Please contact me for copies.
The IBA -UK commissioned a forensic report to be carried out on the accounts of SiS. This report is now published. A copy of which is available in our members area
The Irish Horse Welfare Trust is a registered charity dedicated to the welfare of horses and ponies in Ireland. After a number of years of moving from one rented farm to another, the IHWT purcased a 68 acre farm in Woodenbridge in December 2008 for 1.76 million euro.
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We are relieved that the Government were able to address the
grave error made in last years budget and prevent the thousands of
job losses that were looming unnecessarily. However, with a tax policy unique in Europe, and archaic legislation, Irish Betting shops are under serious threat. As can be seen in the table above, there have been many closures already. With Off-shore Online and Mobile companies betting out of the Irish market, virtually tax free, 24 hours a day, 7 days a week, it makes the survival of Independent betting shops almost impossible. We are now concentrating on the new legislation that is being prepared to
regulate the entire gambling industry. We must ensure
that the legislation allows us to develop and modernise our
shops in line with all other businesses, to create a level playing field and allow us to sustain jobs in our Industry.
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The Gamcare Freephone is up and running now, and members are advised to ensure all
promotional material relating to this service is displaying the correct Freephone number: 1800 246139
I will be organising a Gamcare training day in the near future. If you are interested in attending, or would like a refresher course for your staff, please contact me.
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