Dáil Éireann Debate, Thursday - 30 September 2021
172. Deputy Pearse Doherty asked the Minister for Finance if the lapsing of the bank levy at the end of 2021 has been factored into the revenue projections for each of the years 2022, 2023, 2024 and 2025; if revenue raised from extending the bank levy to 2022 will result in additional revenue in the context of Budget 2022; and if he will make a statement on the matter. [47455/21]
View answerAs legislated for in the Finance Act 2016, the Bank Levy is due to expire at end-2021.
The medium-term fiscal forecasts in the Summer Economic Statement contained a reduction in revenue from 2022 to take into account the expiration of the levy.
Any decision on whether to extend the Bank Levy will be made in the context of Budget 2022. Should the measure be continued, it would result in additional revenue and forecasts will be updated accordingly.
