Peadar Tóibín
Ceist:324. Deputy Peadar Tóibín asked the Minister for Finance when the banking levy is set to expire in 2021; and when will the last payment be made under the levy. [16578/21]
Amharc ar fhreagraWednesday, 31 March 2021
Ceisteanna (324)
Freagraí scríofa
The Financial Institutions ("Bank") Levy was introduced for the three-year period 2014 to 2016 in Finance (No.2) Act 2013 with the purpose of enabling the banking sector to contribute to economic recovery. The annual yield of this levy is approximately €150 million.
In Finance Act 2016 my predecessor, Minister Michael Noonan, extended the bank levy to 2021. The due date for the last payment of the bank levy under the current legislation is no later than 20 October 2021.