Written answers

Wednesday, 22 April 2009

10:00 pm

Photo of Caoimhghín Ó CaoláinCaoimhghín Ó Caoláin (Cavan-Monaghan, Sinn Fein)
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Question 196: To ask the Minister for Finance the amount of revenue received by the Exchequer each year from 2004 to 2008 from the 2% levy on non-life insurance policies; the amount of same which is derived from motor insurance policies; and if he will make a statement on the matter. [15423/09]

Photo of Brian Lenihan JnrBrian Lenihan Jnr (Dublin West, Fianna Fail)
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A 2% stamp duty, which was introduced in 1982, is charged on most non-life insurance premiums and is part of the normal stamp duty system. The exceptions are re-insurance, voluntary health insurance, marine, aviation and transit insurance and export credit insurance. The yield to the Exchequer from 2004 to 2008 was as follows:

YearYield (€m)
200497.7
200590.8
200688.3
200785.4
200880.1

It is not possible to distinguish between the different types of insurance business within the yield from the non-life levy. The purpose of the non-life levy is to broaden the tax base, while increasing the sources of revenue available to address the current pressures on the public finances.

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