Extension of Bank levy to 2021
- The current Financial Institutions Levy (originally introduced for the 3 year period from 2014 to 2016), will be extended to 2021. This is subject to a review taking place of the methodology used to calculate the levy (it is currently calculated on the basis of DIRT payments made in 2011).
- A reduction in fees for retailers for accepting card payments will apply from 9 December 2015. The interchange fees for credit card payments will reduce to 30 basis points while the corresponding fee for debit card payments will be halved to 10 basis points.
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