Insurance Levy
Dail Éireann — 2023-03-07
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Jennifer Carroll MacNeill (FG), Dún Laoghaire

I thank Deputy Dillon. I would like to clarify and come back to him in writing on some of the points he has raised. I hope that is okay. I will go back to some of the figures. Once the MIICF reaches €200 million the levy will be 0%. I would like to clarify this with the Department and come back to Deputy Dillon directly. It is important to set out to the House what is there at present. The Motor Insurance Bureau of Ireland's annual reports of the MIICF state that recent contributions were €38 million in 2021, €38 million in 2020 and €41 million in 2019. As the MIICF nears the thresholds the contribution will be considered in line with the legislation.
Separately, there is a 1% stamp duty charged on life insurance premiums and a 3% per cent stamp duty charged on certain non-life premiums. While occasionally described as levies, these duties are recorded to the Exchequer as tax receipts. I will check Deputy Dillon's questions more specifically and come back to him directly.

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Record URI: https://data.oireachtas.ie/akn/ie/debateRecord/dail/2023-03-07/debate/main
Retrieved: 2026-08-14T04:51:40+00:00
Sitting date: 2023-03-07