Paul McGrath
Question:95 Mr. P. McGrath asked the Minister for Finance the rate of financial levy on persons travelling abroad by air and by sea; and the receipts under these headings for each of the past five years. [2219/05]
View answerThursday, 27 January 2005
Questions (97, 98)
Written answers
The travel tax, which was £5 per ticket on travel by air or sea to locations outside Ireland, was abolished with effect from 1 January 2000. Consequently, there are no such receipts in respect of the last five years.
Paul McGrath
Question:96 Mr. P. McGrath asked the Minister for Finance the rate of financial levy on the motor industry, life insurance and house insurance; and the receipts under these headings for each of the past five years. [2220/05]
View answerNo financial levy is imposed on the motor industry. A 2% levy is imposed on most non-life insurance premia, the exceptions being reinsurance, voluntary health insurance, marine, aviation and transit insurance and export credit insurance. The receipts from the 2% non-life insurance levy for each of the last five years, rounded to the nearest million are as follows:
|
Year |
€m |
|
2004 |
98 (expected final outturn) |
|
2003 |
100 |
|
2002 |
87 |
|
2001 |
69 |
|
2000 |
57 |
It is not possible to distinguish between the different types of insurance business within the yield from the non-life levy.
The following figures for 2000 and 2001 include amounts in respect of a 0.1% stamp duty on the sum assured by life assurance policies, which was abolished for policies taken out or varied on or after 1 January 2001. A 0.1% stamp duty still applies on the amount paid for the sale of policies, both life and non-life. The stamp duty yield from these policies is included in the yield from policies of insurance other than life insurance charged at €1 per policy. The combined stamp duty yield from these policies in each of the last five years, rounded to the nearest million is as follows:
|
Year |
€m |
|
2004 |
2 (estimate) |
|
2003 |
2 |
|
2002 |
2 |
|
2001 |
9 |
|
2000 |
28 |