Finance Act 2024

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

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

(a) in section 65, by the substitution of “€250” for “€500”,

(b) in section 66—

(i) in subsection (1), by the substitution of “€380” for “€760”, and

(ii) in subsection (3), by the substitution of “€380” for “€760”,

(i) subsection (1)(a), by the substitution of “€5,000” for “€10,000”, and

(ii) by the substitution of the following Table for the Table to that section:

“Table

Level of annual turnover Rates of duty (1)	Under €50 million €5,000 (2)
€50 million or more but less than €75 million	€10,000
€75 million or more but less than €100 million	€15,000
€100 million or more but less than €150 million	€20,000
€150 million or more but less than €200 million	€30,000
€200 million or more but less than €300 million	€40,000
€300 million or more but less than €400 million	€60,000
€400 million or more but less than €500 million	€80,000
€500 million or more	€100,000

”,

(d) in section 66B—

(i) in subsection (1)(a), by the substitution of “€5,000” for “€10,000”, and

(ii) by the substitution of the following Table for the Table to that section:

“Table

Level of annual commission earnings (1)	Rates of duty (2)
Under €3 million	€5,000
€3 million or more but less than €4,500,000	€10,000
€4,500,000 or more but less than €6 million	€15,000
€6 million or more but less than €9 million	€20,000
€9 million or more but less than €12 million	€30,000
€12 million or more but less than €18 million	€40,000
€18 million or more but less than €24 million	€60,000
€24 million or more but less than €30 million	€80,000
€30 million or more	€100,000

”,

(e) by the substitution of the following section for section 66C:

“Payment arrangements for excise duty payable under section 65, 66A or 66B

66C. The excise duty payable under section 65, 66A or 66B, as the case may be, shall be paid in full at the time of the granting or renewal of the licence.”,

(f) by the substitution of the following section for section 66D:

“Payment arrangements for excise duty payable under section 66

66D. The excise duty payable under section 66 on the registration or renewal of the registration of a premises shall be paid in full at the time of the registration or renewal of the registration.”,

and

(g) in section 78(5)(c), by the substitution of “€1,000” for “€2,000”.

(2) Subsection (1) shall come into operation on such day or days as the Minister for Finance may appoint by order.

Finance Act 2024 Permanent Page URL

Finance Act 2024

Permanent Page URL