Patrick O'Donovan
Question:170. Deputy Patrick O'Donovan asked the Minister for Finance his plans to introduce a levy on bank drafts issued by the various banks in the State; and if he will make a statement on the matter. [17439/14]
View answerTuesday, 15 April 2014
Questions (170)
Written answers
Under the Stamp Duties Consolidation Act 1999, a stamp duty liability of €0.50 is chargeable on a "bill of exchange" where drawn on an account in the State. A "bill of exchange" is defined in section 1 of the Stamp Duties Consolidation Act 1999 as meaning a draft, an order or a cheque. Therefore, a bank draft drawn on an account in the State is subject to a fixed duty of €0.50.