Written answers

Tuesday, 14 July 2015

Department of Finance

Banking Sector Data

Photo of Michael McGrathMichael McGrath (Cork South Central, Fianna Fail)
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310. To ask the Minister for Finance if he will set out the amount of the bank levy paid by each of the three largest payers of the levy in 2015; the name of the institution; and if he will make a statement on the matter. [29093/15]

Photo of Michael NoonanMichael Noonan (Limerick City, Fine Gael)
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Section 72, F (No.2) Act 2013 inserted a new section 126AA into the Stamp Duties Consolidation Act 1999. The section, which  applies to holders of banking licences and building societies in 2011 that were obliged to collect and pay over more than €100,000 DIRT in that year, provides for a levy equal to 35% of the DIRT paid in 2011. The levy applies for a three year period covering the years 2014 to 2016.

The due dates for the submission of a statement showing the assessable amounts and payment of stamp duty by reference to these statements are as follows:

2014: 20thOctober 2014

2015: 20thOctober 2015

2016: 20thOctober 2016

The total amount of the bank levy paid in respect of the year 2014 was €154,394,743.

For reasons of taxpayer confidentiality I am unable to provide details of payments made by individual  financial institutions.

As the due date for payment of the levy for the year 2015 is in October of this year, I am not in a position to provide the Deputy with the yield for 2015. 

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