New Posts For Thread: Betting tax on online bets introducedhttps://community.betfair.com/irish_sports/go/thread/view/94110/26408721/betting-tax-on-online-bets-introducedat same level as on high streetRowley. If the trading terms here were the same as Gibraltar it would be no contest. I know a couple of people who work over there and while the weather is a plus it is not really an attractive place to live and work. International bookies based in Dhttps://community.betfair.com/irish_sports/go/thread/view/94110/26408721/betting-tax-on-online-bets-introduced?post_id=477415845#477415845Rowley. If the trading terms here were the same as Gibraltar it would be no contest. I know a couple of people who work over there and while the weather is a plus it is not really an attractive place to live and work. International bookies based in DThu, 09 Dec 2010 16:03:39 -0600thanks tolmi for the replyhttps://community.betfair.com/irish_sports/go/thread/view/94110/26408721/betting-tax-on-online-bets-introduced?post_id=477380725#477380725thanks tolmi for the replyThu, 09 Dec 2010 11:53:24 -0600From my reading of it I would say it is highly unlikely that you will have to pay tax.However the matter will not be finalised until the Finance Act at the earliest.https://community.betfair.com/irish_sports/go/thread/view/94110/26408721/betting-tax-on-online-bets-introduced?post_id=477358509#477358509From my reading of it I would say it is highly unlikely that you will have to pay tax.However the matter will not be finalised until the Finance Act at the earliest.Thu, 09 Dec 2010 08:28:28 -0600i havent read this forum , but can someone answer me will i get taxed now on my betfair betshttps://community.betfair.com/irish_sports/go/thread/view/94110/26408721/betting-tax-on-online-bets-introduced?post_id=477357973#477357973i havent read this forum , but can someone answer me will i get taxed now on my betfair betsThu, 09 Dec 2010 08:22:38 -0600By my understanding they pay a turnover tax of .1 percent and a licensing fee around 100,000 plus.If it was to be tax free to those outside R.O.I. then it probably would makes economic sense for the major players to move here if the license fee was shttps://community.betfair.com/irish_sports/go/thread/view/94110/26408721/betting-tax-on-online-bets-introduced?post_id=477356909#477356909By my understanding they pay a turnover tax of .1 percent and a licensing fee around 100,000 plus.If it was to be tax free to those outside R.O.I. then it probably would makes economic sense for the major players to move here if the license fee was sThu, 09 Dec 2010 08:11:12 -0600Billy, i understand your argument but what would make them want to leave Gibraltar, Irelands' CPT rate ?https://community.betfair.com/irish_sports/go/thread/view/94110/26408721/betting-tax-on-online-bets-introduced?post_id=477309921#477309921Billy, i understand your argument but what would make them want to leave Gibraltar, Irelands' CPT rate ?Wed, 08 Dec 2010 19:23:40 -0600The wording in the budget speech seems to suggest that the new online tax of 1% will apply to punters who are based in ROI who bet with either bookies who are based in ROI or with bookies who are not based in ROI but who will be licenced by the Irishttps://community.betfair.com/irish_sports/go/thread/view/94110/26408721/betting-tax-on-online-bets-introduced?post_id=477294861#477294861The wording in the budget speech seems to suggest that the new online tax of 1% will apply to punters who are based in ROI who bet with either bookies who are based in ROI or with bookies who are not based in ROI but who will be licenced by the IrisWed, 08 Dec 2010 16:59:44 -0600I think their understanding of the betting industry is highlighted by the performance of Tote Ireland their 100% owned subsidiary.In 2008 on a turnover of over €49 million they managed only to break even.With their margins that turnover should havehttps://community.betfair.com/irish_sports/go/thread/view/94110/26408721/betting-tax-on-online-bets-introduced?post_id=477219269#477219269I think their understanding of the betting industry is highlighted by the performance of Tote Ireland their 100% owned subsidiary.In 2008 on a turnover of over €49 million they managed only to break even.With their margins that turnover should haveWed, 08 Dec 2010 04:59:11 -0600Tolmi – That is a systemic problem in HRI. It is top heavy with Management who have little or no understanding of the Gaming/Betting Industry. Who would be accountable for advising the Board of HRI to reject a VOLUNTARY payment of circa €1.5m perhttps://community.betfair.com/irish_sports/go/thread/view/94110/26408721/betting-tax-on-online-bets-introduced?post_id=477217605#477217605Tolmi – That is a systemic problem in HRI. It is top heavy with Management who have little or no understanding of the Gaming/Betting Industry. Who would be accountable for advising the Board of HRI to reject a VOLUNTARY payment of circa €1.5m perWed, 08 Dec 2010 04:27:57 -0600From what I can recall I think Betfair were making a voluntary payment which it amounted to about €4.5 million over 3 years.HRI wanted to double this and also wouldn't talk unless any increase was backdated.They ended up getting nothing and also tohttps://community.betfair.com/irish_sports/go/thread/view/94110/26408721/betting-tax-on-online-bets-introduced?post_id=477215841#477215841From what I can recall I think Betfair were making a voluntary payment which it amounted to about €4.5 million over 3 years.HRI wanted to double this and also wouldn't talk unless any increase was backdated.They ended up getting nothing and also toWed, 08 Dec 2010 03:46:34 -0600