Stamp Duties Consolidation Act 1999 section 123

Cash cards

Section 123 imposed a stamp duty on cash cards and combined ATM/debit cards issued by banks and building societies, applying only to accounting periods ending on or before 31 December 2005.

• The duty was €10 per cash (ATM) card and €20 per combined (ATM/debit) card valid at any time during the accounting period.
• Banks and building societies had to deliver a statement to Revenue within one month of the due date, accompanied by the duty payable.
• Cards on low-balance deposit accounts (average daily positive balance not exceeding €12.70) and replacement cards were exempt.
• Late delivery or payment triggered interest at 0.0273% per day, plus a €380 daily penalty if the duty remained unpaid one month after the due date.