Stamp Duties Consolidation Act 1999 section 126AB

Further levy on certain financial institutions

Section 126AB imposes a revised bank levy on four named Irish financial institutions for the years 2024 to 2026, charged as a percentage of their eligible deposits in a specified base year.

Applies to Allied Irish Banks plc, EBS DAC, permanent TSB plc and The Governor and Company of the Bank of Ireland.
Charged for 2024, 2025 and 2026, with a base year of 2022 for the first two years and 2024 for 2026.
Levy rate is 0.112% of eligible deposits for 2024 and 2025, reducing to 0.1025% for 2026.
Each bank must deliver a statement and pay the duty by 20 October each year, with interest on late payment and no tax deduction allowed.

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