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Credit card stamp duty

  • 06-03-2009 3:17pm
    #1
    charlie_says
    Registered Users, Registered Users 2 Posts: 1,666 ✭✭✭


    The credit (€30 per year) card stamp duty is due to the government on the 1st of April.

    Is there anyway to avoid paying this tax legally? By closing your account or switching it?

    Thanks...


Comments

  • #2
    GerardKeating
    Registered Users, Registered Users 2 Posts: 7,805 ✭✭✭GerardKeating


    charlie_says wrote: »
    The credit (€30 per year) card stamp duty is due to the government on the 1st of April.

    Is there anyway to avoid paying this tax legally? By closing your account or switching it?

    Thanks...

    It's too late since the tax in april is for last year. Also wanna bet the mini-budget in april will bring forward the tax to the current year and make us pay two of them this year.



    Only legal way to avoid the tax is to not have a credit card...


  • #3
    Davy
    Registered Users, Registered Users 2 Posts: 19,340 CMod ✭✭✭✭Davy


    If you hadn't had the account open on april 1st they will charge it to the account as soon as you decide to close. If you decide to change to another credit card provider you do not need to pay the duty again though, just show them the proof of payment or account closure letter.

    Once you dont make a purchase, you don't have to pay it for the first 12 months. Or you are not liable to stamp duty if your billing address is outside the State for the entire accounting period in question. Or death.... not to feasible ;)


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