Miscellaneous
Other Items Liable to Stamp Duty
Financial Cards (ATM, Laser, Credit card)
Bills of Exchange (including cheques): €0.50
Policies of Insurance (Non-Life)
Per Policy:€1
Non-Life Insurance Levy on premiums
Section 125 of the SDCA imposes a levy of 3% on the gross amount received by an insurer in respect of certain non-life insurance premiums. The exceptions are re-insurance, voluntary health insurance, marine, aviation and transit insurance, export credit insurance and certain dental insurance contracts.
The 3% levy applies to premiums received on or after 1 June 2009 in respect of offers of insurance or notices of renewal of insurance issued by an insurer on or after 8 April 2009. In relation to notices of renewal or offers of insurance issued prior to 8 April 2009, a 2% levy applies.
(Non-Life) Levy on Certain Premiums of Insurance (quarter ended 30 September 2011) (PDF, 84 KB)- (Non-Life) Levy on Certain Premiums of Insurance (quarter ended 31 December 2011) (PDF, 84 KB)
Insurance Compensation Fund
The Minister for Finance has appointed
the Revenue Commissioners to collect the appropriate contribution (section 6 of the Insurance Act 1964 as amended by section 7 of the Insurance (Amendment) Act 2011) to be paid to the Fund.
Further information regarding the contribution is available from the Central Bank.
The Contribution to the Fund will be collected in conjunction with the existing Non-Life Insurance Levy on premiums. A fillable return form encompassing both the 2% Contribution and the 3% Duty will be available here in the New Year.
Please note that the first returns will be due on or before 30th April 2012.
Life Assurance Levy on premiums
Section 124B of the SDCA provides for a levy of 1% on life assurance premiums. For each quarter, commencing with the quarter ending on 30 September 2009, an insurer must deliver to the Revenue Commissioners a statement showing the assessable amount for the insurer for the quarter. The statement must be accompanied by the amount of stamp duty payable.
- Levy On Certain Life Assurance Premiums (quarter ended 30 September 2011) (PDF, 62 KB)
- Levy On Certain Life Assurance Premiums (quarter ended 31 December 2011) (PDF, 62 KB)
Levy on health insurers
Finance Act 2011 amended section 125A of the SDCA to provide for an increased levy on health insurers. The increased levy applies to all renewals and new contracts entered into from 1 January 2011, at the rate of €66 in respect of each insured person aged less than 18 years and €205 in respect of each insured person aged 18 years or over.
Updated December 2011