I am informed by the Revenue Commissioners that the net receipt from Stamp Duty on financial cards and cheques from 2007 to 30 November 2010, broken down both by year and type of card, is as set out in the table as follows:
Card Type
|
2007
|
2008
|
2009
|
2010 (To 30/11)
|
|
€m
|
€m
|
€m
|
€m
|
Credit
|
72.4
|
107.3
|
61.6
|
10.7
|
ATM
|
18.0
|
10.6
|
2.7
|
0.1
|
Debit
|
0.0
|
0.0
|
1.0
|
0.0
|
Combined (ATM/Debit)
|
24.3
|
27.4
|
12.9
|
3.1
|
Cheques
|
18.6
|
30.5
|
37.4
|
29.2
|
Total
|
133.3
|
175.8
|
115.6
|
43.1
|
The main payment date for Stamp Duty on financial cards is in December, which accounts for the low yield in 2010 to date. In Budget 2008 the Stamp Duty on credit cards, ATM cards, debit cards and combined cards was reduced, while the Stamp Duty on cheques was increased, which partly accounts for the changes in yield from those sources between 2008 and 2009.