Less duty gives you more booty

THE annual €40 stamp duty on credit cards is to fall to €30 and the levy on cash machine cards is to halve to €5.

Stamp duty on combined debit and ATM cards is to halve to €10 while stamp duty on cheques will double to 30c to encourage more consumers to switch to electronic payments.

Yesterday the Consumers’ Association of Ireland joined bank industry bosses in welcoming the cuts.