(1) Subject to such conditions as the Revenue Commissioners may prescribe or otherwise impose, a person liable to betting duty under section 67 or betting intermediary duty under section 67B, or both, may be relieved of such duty provided -
(a) that person is licensed in accordance with section 7, 7B or 7C of the Betting Act 1931, and
(b) he or she holds a current tax clearance certificate issued under section 1094 of the Taxes Consolidation Act 1997,
and provided further that -
(i) without prejudice to paragraph (ii), the amount of such duty that he or she may be relieved of shall not exceed €50,000 in any calendar year, and
(ii) in a case where more than one person forms a single undertaking, as that expression is to be construed by virtue of subsection (2), the total amount of such duty that that single undertaking may be relieved of shall not exceed €50,000 in any calendar year,
and a reference in paragraph (i) or (ii) to duty, where the case is one of liability to both betting
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