Michael Lowry (Tipperary North, Independent)
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Question 534: To ask the Minister for Finance the detail of stamp duty rates on cheques, laser cards with ATM function, ATM cards and credit cards each year since 2002; the income to the exchequer each year on each; if he will review these rates; if consideration will be given to removing the stamp duty on each in Budget 2007; and if he will make a statement on the matter. [29640/06]

Brian Cowen (Laois-Offaly, Fianna Fail)
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The rates of stamp duty on cheques, debit cards with ATM function, ATM cards and credit cards each year since 2002 is as follows:

Cheques: Cheques drawn on or after 5 December 2002 – 15c; Cheques drawn prior to 4 December 2002 – 8c.

Debit Cards with ATM functions: 2002 — €10; 2003 onwards — €20.

However, I introduced changes in this year's Finance Act to alter the way that stamp duty is charged on these cards. The stamp duty is reduced to €10 per annum where the card is only used for one function (either ATM transactions or debit transactions) throughout the year.

ATM Cards: 2002 — €6.25; 2003 onwards — €10.

Credit Cards: 2002 — €19; 2003 onwards — €40.

However a relieving provision was introduced in the 2005 Finance Act to limit the duty to a single charge where an account holder moved account during the year.

The yield to the Exchequer for each year is:

All stamp duties, including the stamp duties on financial cards and bank transactions, are reviewed in the context of the annual Budget and Finance Bill.