Written answers
Wednesday, 12 October 2005
Department of Finance
Tax Code
9:00 pm
Aengus Ó Snodaigh (Dublin South Central, Sinn Fein)
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Question 221: To ask the Minister for Finance if consideration has been given to adjusting the credit card tax of €40 per annum to a quarterly tax of €10, to take account of persons who are cancelling cards or changing from one bank to another without having to incur the full tax twice. [28379/05]
Brian Cowen (Laois-Offaly, Fianna Fail)
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It was announced in the 2005 budget that the Finance Bill 2005 would contain measures to eliminate the double stamp duty charge on financial cards where a person is merely switching from one provider to another. This was legislated for in the Finance Act 2005. Any further changes to stamp duties on financial cards will be considered in the context of the forthcoming budget.
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