Written answers
Tuesday, 15 October 2019
Department of Finance
Tax Data
Willie O'Dea (Limerick City, Fianna Fail)
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140. To ask the Minister for Finance the estimated amount it would cost to scrap the 50 cent stamp duty per cheque or bills of exchange; and if he will make a statement on the matter. [41835/19]
Paschal Donohoe (Dublin Central, Fine Gael)
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I am advised by Revenue that the Stamp Duty charge on cheque payments in 2018 amounted to almost €13 million.
Revenue has also confirmed that the annual cost to the Exchequer would be broadly similar if the charge was abolished.
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