The relative photolysis rates of HCHO and HCDO have been studied in May 2004 at the European Photoreactor Facility (EUPHORE) in Valencia, Spain. The photolytic loss of HCDO was measured relative to HCHO by long path FT-IR and DOAS detection during the course of the experiment. The isotopic composition of the reaction product H(2) was determined by isotope ratio mass spectrometry (IRMS) on air samples taken during the photolysis experiments. The relative photolysis rate obtained by FTIR is j(HCHO)/j(HCDO) = 1.58 +/- 0.03. The ratios of the photolysis rates for the molecular and the radical channels obtained from the IRMS data, in combination with the quantum yield of the molecular channel in the photolysis of HCHO, Phi(HCHO-->H(2)+CO) (JPL Publication 06-2), are j(HCHO-->H(2)+CO/jHCDO-->HD+CO) = 1.82 +/- 0.07 and j(HCHO-->H+HCO/(jHCDO-->H+DCO + jHCDO-->D+HCO)) = 1.10 +/- 0.06. The atmospheric implications of the large isotope effect in the relative rate of photolysis and quantum yield of the formaldehyde isotopologues are discussed in relation to the global hydrogen budget.