Michael McGrath
Question:361. Deputy Michael McGrath asked the Minister for Finance the status of the review of the bank levy calculation; and if he will make a statement on the matter. [26408/16]
View answerFriday, 16 September 2016
Questions (361)
Written answers
I, as Minister, announced in last year's Budget a review of the methodology for calculating the Bank Levy.
The review considered the performance of the bank levy to date, examined alternative calculation methodologies and practices in other jurisdictions. A public consultation was held to obtain the views of stakeholders in June 2016. The public consultation document was published on the Department website and is available to view at the following link: [http://www.finance.gov.ie/news-centre/press-releases/minister-finance-launches-public-consultation-financial-institutions-levy].
Following on from the evaluation undertaken by my Department, and taking into account the responses to the public consultation, a Budget submission on the Bank Levy has been prepared for my consideration. I will announce my decision as part of the Budget on 11th October next.