Deadline Approaching for Local Property Tax 2017

Deadline Approaching for Local Property Tax 2017

January 9, 2017

Have you paid your Local Property Tax for 2017?

On 06 January 2017, Revenue published the latest Local Property Tax (LPT) statistics for 2016, detailing LPT Exchequer receipts of €463m and showing a continuing high compliance rate.

Local Property Tax collected in 2016 included approximately €50m in prepayments for 2017, and €70m in payments for 2015 and earlier years, as well as almost €8m in Household Charge (HHC) arrears.

Commenting on publication of the latest statistics, the Collector-General, Michael Gladney, said that since Revenue assumed responsibility for collection of arrears of Household Charge in July 2013, more than €64m has been collected, bringing 360,000 additional properties into compliance.

Referring to the continuing high Local Property Tax compliance rate, Mr Gladney said “the vast majority of property owners fully comply with their LPT payment obligations, either in a single payment or with phased payments. As long as payment obligations are being met, Revenue will automatically roll over existing payment methods for property owners who pay by direct debit or by deduction at source from pay/pension.”

Jane Jackson, Tax Manager reminds property owners “The deadline to pay your Local Property Tax by debit card, credit card or cheque is Wednesday 11 January 2017. Those who wish to pay their Local Property Tax by Annual Debit Authority (electronic cheque) must confirm same with Revenue by this date also and your LPT amount will then be deducted on 21 March 2017.

At UHY FDW our dedicated tax team  will ensure that you meet the Local Property Tax Deadline. Contact us by filling out the form to your right or by calling us on +353429339955.