Paddy Power to take £20m tax hit as Irish gambling tax doubles

IBA warns of up to 1,500 job losses following introduction of “regressive” tax

Irish bookmaker Paddy Power has confirmed an expected tax hit of more than £20m per annum, following the Irish government’s decision to increase the gambling tax from January 2019. In the Irish parliament yesterday, the government confirmed that the gambling tax would double from its current 1% of turnover to 2%, applying to all retail,…

Ireland | Regulation | Sports betting | Tax changes