738. Deputy Joe Cooney asked the Tánaiste and Minister for Finance the estimated cost in 2027 if the stamp duty on credit and debit cards was capped at €2 per year. [56299/26]

I am advised by Revenue that the estimated cost from abolishing Stamp Duty on credit card accounts is available in the Ready Reckoner which is published on the Revenue website at: www.revenue.ie/en/corporate/information-about-revenue/statistics/ready-reckoner/index.aspx.

Further, it is tentatively estimated that the cost of capping the stamp duty at €2 per year per credit card account (the Stamp Duty on credit cards is charged per account, not per card, so where two or more credit cards are issued for one account, only one Stamp Duty is applied per annum) is €47 million. This is estimated by taking the estimated cost of full abolition from the Ready Reckoner and assuming the current, uniform €30 Stamp Duty paid per credit card account is reduced to €2.

I am further advised by Revenue that it is not possible to cost a capping of Stamp Duty at €2 per year per card on debit cards, as the Stamp Duty collected reflects the various rates and limits which apply to debit cards and the underlying data in respect of the number of debit cards is not available on Revenue’s statistical reporting systems.