I am informed by the Revenue Commissioners that the net receipt from Stamp Duty on financial cards and cheques, including credit and debit cards, broken down by specified years, is as set out in the following table.
Card Type
|
2008 - €m
|
2009 - €m
|
2010 - €m
|
2011 - €m
|
2012 - €m
|
2013 - €m
|
Credit and Debit
|
107.3
|
61.6
|
57.2
|
51.8
|
51.6
|
49.6
|
Debit
|
0.00
|
1.00
|
0.37
|
0.03
|
0.03
|
0.00
|
Combined (ATM/Debit)
|
27.4
|
12.9
|
12.6
|
15.7
|
15.5
|
17.3
|
ATM
|
10.6
|
2.7
|
1.7
|
1.5
|
1.0
|
1.0
|
Cheque
|
30.5
|
37.4
|
34.4
|
33.2
|
31.0
|
25.3
|
Total
|
175.8
|
115.6
|
106.3
|
102.3
|
99.2
|
93.3
|
In Budget 2008, the Stamp Duty on credit cards, debit cards, combined cards and ATM cards was reduced, while the Stamp Duty on cheques was increased. These changes partly account for the trends in yield from those sources in 2008 and 2009. Combined (ATM/Debit) cards are liable to Stamp Duty at twice the rate of individual ATM or debit cards.