734. Deputy Sorca Clarke asked the Tánaiste and Minister for Finance the estimated cost in 2027 if the Government Stamp duty on credit cards was reduced to €15 per year. [61385/26]

735. Deputy Sorca Clarke asked the Tánaiste and Minister for Finance the estimated cost in 2027 if stamp duty on each cheque or bill of Exchange was scrapped. [61384/26]

I propose to take Questions Nos. 734 and 735 together.

I am advised by Revenue that the estimated cost from abolishing Stamp Duty on business cheques, personal cheques and credit card accounts is available in the Pre-Budget 2027 Ready Reckoner which is published on the Revenue website at: www.revenue.ie/en/corporate/information-about-revenue/statistics/ready-reckoner/index.aspx

The additional yield from “Increas[ing] Stamp Duty on business cheques by 100%” and “Increas[ing] Stamp Duty on personal cheques by 100%” would equate to the cost arising from the removal of this duty. The Deputy may wish to note that the costing estimates within the ready reckoner unless otherwise indicated, assume no behavioural change.

Further, it is tentatively estimated that the cost of capping the stamp duty at €15 per year per credit card account is €26.5 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 €15. The Deputy may wish to note that 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. The Deputy may also wish to note that the costing in respect of the reduction of Stamp Duty paid per credit card account to €15 also assumes no behavioural change.