Supplementary Budget 2009 - DIRT

Deposit Interest Retention Tax (DIRT) and Tax Rates on Life Assurance Policies and Investment Funds

The rates of retention tax that apply to deposit interest, together with the rates of tax that apply to a) life assurance policies and b) investment funds, are being increased by 2 percentage points to 25% and 28% respectively. The increased rates will apply to payments including deemed payments, made on or after 8 April 2009. Full details in relation to DIRT will be included in the Finance Bill.