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Bank of Ireland on College Green Dublin Niall Carson/PA Wire

Levy on banks of €150 million a year until 2016

Domestic banks will pay the levy totaling €150 million a year for the next three years with each bank to pay based on interest on thier deposits.

THE GOVERNMENT HAS confirmed that domestic banks will be subject to a levy from next year until 2016.

Minister for Finance Michael Noonan said that the levy would raise a total of €150 million from next year for the next three years.

Noonan said that levy will will be on the same basis as the one that yielded over €100 million each year from 2003 to 2005.

In his budget speech this afternoon, Noonan did not provide details on the contribution from each bank but said that the individual levies will be will be broadly based on the amount of tax paid on deposit interest in 2011.

Similar levies are in place in other EU members according to Noonan who says that full details will be made available in the upcoming Finance Bill.

Read: LIVEBLOG: Budget 2014 as it happens >

Poll: Can Irish people learn to trust banks once more? >

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23 Comments
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    Mute Pat Enright
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    Jul 16th 2013, 5:44 PM

    Hopefully they will set up here in this fine country, something positive for once.

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    Mute Breadwinner
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    Jul 16th 2013, 5:45 PM

    It would make so much sense if airbnb set up in Ireland. It can be such a good full time/part time money maker. I have a lot of friends abroad who rent their place(s) through airbnb and earn a ton from it.

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    Mute Ryan Murphy
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    Jul 16th 2013, 5:49 PM

    Who?

    40
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    Mute J. Dunn
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    Jul 16th 2013, 5:41 PM

    Air bnb renting a bed from Google?

    27
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    Mute Danny Mike Hennessy
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    Jul 16th 2013, 7:18 PM

    Such a good website just wish they didn’t charge for each stay.

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    Mute Alan Murphy
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    Jul 17th 2013, 12:05 AM

    What’s the chances of them setting up outside of Dublin, cork or Galway if they do come?

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    Mute Eddie Hall
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    Jul 16th 2013, 7:44 PM
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    Mute Phil Gill
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    Jul 18th 2013, 2:37 PM

    there is already a surplus of IT jobs in dublin, maybe like the others they will be looking to get in younger, cheaper, multilingual folk. something which there aren’t a whole lot of in Dublin

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    Mute Lorelei Cleaning
    Favourite Lorelei Cleaning
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    Jul 17th 2013, 6:17 AM

    And yes it’s Dublin

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    Mute Lorelei Cleaning
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    Jul 17th 2013, 6:12 AM

    Great news. They are coming to Dublin there’s a post giving the recruitment link

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