Carol Nolan (Laois-Offaly, Independent)
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210. To ask the Minister for Finance the banking levy contributions made by individual banks and financial institutions from its inception to date; and if he will make a statement on the matter. [4038/21]

Paschal Donohoe (Dublin Central, Fine Gael)
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The Financial Institutions ("Bank") Levy was introduced for the three-year period 2014 to 2016 in Finance (No.2) Act 2013 with the purpose of enabling the banking sector to contribute to economic recovery. The annual yield of this levy is approximately €150 million.

In Finance Act 2016 my predecessor, Minister Michael Noonan, extended the bank levy to 2021, with a rolling series of base years for calculating the levy, and a corresponding change in the percentage of DIRT receipts in the base year to be applied to protect the €150 million annual yield.

The names of the financial institutions subject to the bank levy, and the amounts paid by each one, is confidential taxpayer information in accordance with section 851A of the Taxes Consolidation Act 1997.