Pearse Doherty (Donegal South West, Sinn Fein)
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42. To ask the Minister for Finance if the State charges interest or a fee for late payment of Government stamp duty by credit card companies; and if he will make a statement on the matter. [30475/14]

Pearse Doherty (Donegal South West, Sinn Fein)
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43. To ask the Minister for Finance if the State receives any revenue from late payment fees or interest charged on Government stamp duty on credit cards; and, if so, the amount of revenue collected. [30476/14]

Michael Noonan (Limerick City, Fine Gael)
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I propose to take Questions Nos. 42 and 43 together.

I am informed by the Revenue Commissioners that Sections 124 and 124A of the Stamp Duties Consolidation Act 1999 sets out the timetable for return of information and payments relating to stamp duty by credit card promoters. For payments made after the due date, interest of .0219 per cent per day together with a penalty of €380 per day is payable from the due date until the day the duty is paid.

Revenue has examined records for the years of accounts 2008 to 2013 inclusive.  An amount of €471,073 in interest and penalties has been collected arising from the late payment of stamp duty on credit cards by credit card promoters.