I have been advised by the Revenue Commissioners that stamp duty arises in the following specific situations:
Cheques/Bank Drafts: Under the Stamp Act, 1891 (as amended), the duty is 7p per cheque or draft.
Bank Cards: The following cards attract duty.
Cash Card: Section 203, Finance Act, 1992, provides for stamp duty at the fixed rate of £2 per card. This duty is payable annually. The charge to duty does not arise where: (i) the card is not used at any time during the relevant accounting period; and (ii) the card account is a deposit account and the average daily positive balance in the account does not exceed £10 during the relevant accounting period.
Credit Card: Section 17, Finance (No. 2) Act, 1981, provides for an annual stamp duty of £15 per account. The account must be maintained on 1st April each year.
Combination Cards: Section 203 (9), Finance Act, 1992, provides that where a card acts both as a cash card and a credit card, duty is payable as if it were a credit card only.
Pass Cards: This is a combination of a cheque guarantee card and a cash card. It attracts duty as a cash card.