author_orbitax
Orbitax

Share This Article

Ireland Publishes Responses to Public Consultation on the Future of the Bank Levy

20 February 2024

|

Proposed Changes

|

Ireland

Ireland's Department of Finance published the responses to its public consultation on the future of the bank levy, including submissions from 18 respondents. --- Introduction The "Further levy on certain financial institutions", more commonly known as the "Bank Levy" (the Levy), was first announced as part of Budget 2014 as a revenue raising measure which would allow for a contribution to be received from the banking sector towards Ireland's economic recovery. Originally designed to run for three years, from 2014 to 2016 inclusive, the Levy has subsequently been extended a number of times, and was further extended in Budget 2024....