Revenue eBrief No. 03/17

06 January 2017

Stamp duty levies - changes made by Finance Act 2016 and Health Insurance Amendment Act 2016

The Stamp Duty Manual has been amended in Part 09 (Levies) to reflect changes made by the Finance Act 2016 and the Health Insurance (Amendment) Act 2016.

Section 50 of the Finance Act 2016 amended section 126AA to extend the bank levy for a further five years from 2017 to 2021. The levy will be charged at a higher rate of 59% on the DIRT paid in a series of new base years.

Section 8 of the Health Insurance (Amendment) Act 2016 increased the levy payable on health insurance contracts with effect from 1 April 2017.