Written answers

Wednesday, 12 October 2005

9:00 pm

Photo of Aengus Ó SnodaighAengus Ó Snodaigh (Dublin South Central, Sinn Fein)
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Question 222: To ask the Minister for Finance the tax yield from the credit card tax for each year since its initiation. [28383/05]

Photo of Brian CowenBrian Cowen (Laois-Offaly, Fianna Fail)
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I am informed by the Revenue Commissioners that separately identifiable figures of the yield of stamp duty on credit cards are available for the years 1996 to 2004 inclusive and are as follows.

Stamp Duty yield on Credit Cards
Yearâ'¬million
1996 11.1
1997 11.5
1998 13.8
1999 15.4
2000 18.1
2001 20.8
2002 22.9
2003 51.7
2004 59.0

The increase in yield in 2003 relates largely to the increase in the rate of stamp duty on credit cards that was introduced in budget 2003.

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