Written answers
Tuesday, 4 November 2014
Department of Finance
Tax Yield
Michael McGrath (Cork South Central, Fianna Fail)
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285. To ask the Minister for Finance the amount raised to date from the bank levy introduced in budget 2014; the number of institutions on which the levy was applied; and if he will make a statement on the matter. [41304/14]
Michael Noonan (Limerick City, Fine Gael)
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I am informed by the Revenue Commissioners that the yield to date from the bank levy announced in Budget 2014 is €154.4 million (the forecast was €150 million). There are 13 financial institutions subject to the bank levy introduced in Finance (No 2) Act 2013. A further 6 financial institutions are excluded from the levy because their deposit interest retention tax payment for 2011 is below the de minimisthreshold of €100,000.
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