Dáil Éireann Debate, Tuesday - 14 July 2015
310. Deputy Michael McGrath asked the Minister for Finance if he will set out the amount of the bank levy paid by each of the three largest payers of the levy in 2015; the name of the institution; and if he will make a statement on the matter. [29093/15]
View answerSection 72, F (No.2) Act 2013 inserted a new section 126AA into the Stamp Duties Consolidation Act 1999. The section, which applies to holders of banking licences and building societies in 2011 that were obliged to collect and pay over more than €100,000 DIRT in that year, provides for a levy equal to 35% of the DIRT paid in 2011. The levy applies for a three year period covering the years 2014 to 2016.
The due dates for the submission of a statement showing the assessable amounts and payment of stamp duty by reference to these statements are as follows:
2014: 20th October 2014
2015: 20th October 2015
2016: 20th October 2016
The total amount of the bank levy paid in respect of the year 2014 was €154,394,743.
For reasons of taxpayer confidentiality I am unable to provide details of payments made by individual financial institutions.
As the due date for payment of the levy for the year 2015 is in October of this year, I am not in a position to provide the Deputy with the yield for 2015.
