Written answers
Wednesday, 12 October 2005
Department of Finance
Tax Yield
9:00 pm
Aengus 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]
Brian 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 | |
Year | â'¬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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