Revenue eBrief No. 064/24
07 March 2024
Tax and Duty Manual for Section 126AA Stamp Duties Consolidation Act 1999 - Bank Levy - updated
Tax and Duty Manual Section 126AA of the Stamp Duties Consolidation Act (SDCA) 1999 provided for a levy on certain financial institutions (known as the bank levy) up until 31 December 2023.
Finance (No.2) Act 2023 inserted a new section 126AB in the Stamp Duties Consolidation Act (SDCA) 1999, which provides for a revised bank levy for the year 2024. This revised levy replaces the levy that was provided for by 126AA SDCA 1999.
This manual has been updated to reflect that the levy provided under section 126AA has not been extended beyond 31 December 2023.