TaxSource Total

Here you can access summary of the key current tax developments in Ireland, the UK and internationally as reported by Chartered Accountants Ireland

The report of key tax developments are displayed per year, per month, by Ireland, the UK or International and by report title

LPT

LPT Deduction at Source from Salary or Occupational Pension

Property owners can opt to pay their Local Property Tax (LPT) for 2013 in one single payment or to phase their payments over the period July to December 2013. One of the phased payment options available is deduction at source from salary or occupational pension.

To opt for deduction from salary, wages or occupational pension you are required to provide:

  • Employer or Pension Provider's Name.
  • Employer or Pension Provider's Tax Registration Number. This number is on your Form P60, may be on your payslip or may be obtained from your employer.

If you select this option, payment will be spread evenly over the period 1 July 2013 to 31 December 2013. The amount of each instalment will depend on the number of salary, wages or pension payments you are due to receive in this period.

Further information on how deduction at source from salary/occupational pension will operate is set out in Revenue's “Information for Employers/Pension Providers” available on the Revenue website www.revenue.ie.

Local Property Tax Surcharge Reminder

Taxpayers and their agents are reminded that in cases where the relevant returns for income tax, corporation tax or capital gains tax are filed on time, but at the date of filing the LPT return or the LPT payment remains outstanding, then a late filing surcharge of 10% of the tax liability will be applied automatically.

In eBrief No. 33/13 Revenue also remind that if the household charge/LPT of €200 is unpaid, a 10% surcharge will also apply when the income tax, corporation tax or capital gains tax return is filed.

Where LPT returns and/or payments remain outstanding, Revenue can enforce collection of the estimated amount of LPT (Revenue Estimate) by a number of methods including:

  • Mandatory deduction from your employment income, occupational pension or certain Government payments.
  • Attachment of your bank account.
  • Referral of the debt to a Sheriff or a Solicitor for collection.
  • The withholding of any refund of other tax as payment against LPT due.

In addition to the 10% surcharge, interest charges at 8% per annum and penalties may also arise. Tax Clearance Certs will not issue.

Guides to Property History Screens Updated

Revenue has published updated guides for homeowners, agents and solicitors who wish to view details of the local property tax history. Homeowners can view the Property History screens by logging into the LPT application on the Revenue website and using their Property ID and PIN together with their PPSN or tax reference number. Agents or solicitors provided with this information can also access the Property History screens. There are two separate guides published; one for homeowners and another for agents and solicitors. Further information on LPT is available from the Revenue website - www.revenue.ie