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Stamp Duty Consolidation Act, 1999 (Number 31 of 1999)


125C. Policies of insurance other than life insurance

(1) In this section—

electronic means” has the same meaning as it has in section 917EA of the Taxes Consolidation Act 1997;

insurer”, “premium” and “quarter” have the same meanings respectively as they have in section 125;

relevant policy” means a policy of insurance other than life insurance where the risk to which the policy relates is located in the State and—

(a) there is one premium only and the amount of that premium equals or exceeds €20, or

(b) there is more than one premium and the total amount payable in respect of that premium in any period of 12 months equals or exceeds €20.

(2) An insurer shall, in each year, within 25 days from the end of each quarter, deliver to the Commissioners a statement showing the number of relevant policies issued by the insurer in the quarter.

(3) There shall be charged on every statement delivered under subsection (2) a stamp duty at the rate of €1 in respect of each relevant policy shown in the statement.

(4) The duty charged by subsection (3) on a statement delivered by an insurer under subsection (2) shall be paid by the insurer on delivery of the statement.

(5) There shall be furnished to the Commissioners by an insurer such particulars as the Commissioners may deem necessary in relation to any statement required by this section to be delivered by the insurer.

(6) In the case of failure by an insurer to pay any duty chargeable on any such statement on the delivery of the statement, the insurer shall be liable to pay, in addition to the duty, interest on the duty, calculated in accordance with section 159D, for the period commencing on the date on which the statement was due to be delivered and ending on the date on which the duty is paid.

(7) A statement required to be delivered to the Commissioners pursuant to subsection (2) shall be delivered by electronic means and the relevant provisions of Chapter 6 of Part 38 of the Taxes Consolidation Act 1997 shall apply.




Inserted by FA21 s62(1)(c). Comes into operation on 1 April 2022 as per S.I. No. 133 of 2022.