Finance Act, 1995
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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.”. |