Those who paid their 2016 LPT in one lump sum or with regular cash payments will have received a letter from Revenue in relation to LPT for 2017.
If you now wish to avail of a phased payment option such as Direct Debit, Deduction at Source or regular cash payments through a Payment Service Provider, you should confirm your payment method by 25 November 2016.
Options for paying your 2017 LPT
No matter how you paid your 2016 LPT, you can select a different payment method for 2017. You can choose to pay in full, in a single payment or spread your payments over 2017:
- Deduction at source from salary or occupational pension, or from certain payments received from the Department of Social Protection or the Department of Agriculture, Food and the Marine.
- Monthly direct debit from a current account in a bank or certain credit unions.
- Making regular cash payments throughout 2017 or making a single cash payment through a payment service provider (An Post, Omnivend, Payzone or PayPoint).
- Paying in full by Single Debit Authority (like an electronic cheque) which will be debited by Revenue on 21 March 2017.
- Paying in full by Debit Card or Credit Card. Your payment will be deducted on the day you complete the transaction online.
- Paying in full by cheque which will be processed as soon as Revenue receives it.
The due date for paying your 2017 LPT depends on the payment method you select:
- 5pm on 11 January 2017: Latest date for paying in full by cash, cheque, postal order, credit card or debit card.
- January 2017: Phased payments by deduction at source and regular cash payments through a payment service provider to start in January.
- 15 January 2017: Monthly direct debit payments start and continue on 15th each month thereafter.
- 21 March 2017: Annual Debit Instruction or a Single Debit Authority payment deducted.
If you would like more information, contact a member of our tax team.
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For more information visit the Revenue website: http://www.revenue.ie/en/tax/lpt/lpt-obligations-2017.html