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30 euro stamp duty

  • 28-07-2018 8:05am
    #1
    velvena
    Registered Users, Registered Users 2 Posts: 5 ✭


    Hi all,
    I am wondering if any of you knows why are we charged 30 euro stamp duty fot our 'luxury' credit cards. I guess there is about 1 milion people owning credit card in Ireland. That's 300 milion euro yearly, what do they do with this money?


Comments

  • #2
    muletide
    Registered Users, Registered Users 2 Posts: 1,506 ✭✭✭muletide


    Check your sums there


  • #3
    velvena
    Registered Users, Registered Users 2 Posts: 5 ✭velvena


    muletide wrote: »
    Check your sums there
    uhmm.. what do you meaan?


  • #4
    Cheshire Cat
    Registered Users, Registered Users 2 Posts: 2,277 ✭✭✭Cheshire Cat


    velvena wrote: »
    uhmm.. what do you meaan?

    You've got a surplus 0 ;)


  • #5
    Grab All Association
    Registered Users, Registered Users 2 Posts: 3,926 ✭✭✭Grab All Association


    It used to be €40. Brian Cowen reduced it in 2007


  • #6
    Bank of Ireland: Tara
    Closed Accounts Posts: 2,346 ✭✭✭Bank of Ireland: Tara


    Hi velvena,

    Thanks for contacting us here on Boards.ie.

    The €30 stamp duty is a government charge and we’re obliged to collect this on their behalf. You can find more information on the Revenue website here: https://www.revenue.ie/en/property/stamp-duty/other-stamp-duty/financial-cards/index.aspx

    Thanks
    Tara


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  • #7
    Charles Babbage
    Registered Users, Registered Users 2 Posts: 6,085 ✭✭✭Charles Babbage


    These card taxes were used to replace the stamp duty on cheques when the volume of cheques declined. When governments get revenue they don't like to give it up, because people are used to it and if they tax something else then people whine about that. 


  • #8
    Grab All Association
    Registered Users, Registered Users 2 Posts: 3,926 ✭✭✭Grab All Association


    Charles Babbage wrote: »
    These card taxes were used to replace the stamp duty on cheques when the volume of cheques declined. When governments get revenue they don't like to give it up, because people are used to it and if they tax something else then people whine about that. 

    Technically they did tax something else. I do think it should be changed like the debit card charges. I wouldn't envisage them losing that much money.


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