Local Property Tax (LPT) information leaflets and the LPT return are due to issue from Revenue to residential property owners commencing from Monday, 11 March. In advance of the letters issuing, Revenue Chairman Ms Josephine Feehily outlined yesterday details of how Revenue will administer the tax.
In the Revenue press statement released yesterday the Revenue Chairman outlined the basis of the LPT, stressing that it is a self-assessed tax and that Revenue is not valuing properties. She also confirmed that Revenue has compiled a register of residential properties; using the Geo Directory to identify properties and Revenue data and a range of other sources such as the Local Government Management Agency and the Private Residential Tenancies Board to connect the individual to the property. Given that this is a new register, errors are likely and a very small minority of individuals will receive a letter in error according to the Revenue Chairman. If this happens Revenue should be contacted immediately so that the error can be rectified, otherwise the individual will continue to be connected with the property.
The full text of the Revenue Press Statement is published on the Revenue’s website.
As reported in Chartered Tax News Monday last, while individuals will receive correspondence from Revenue on the LPT and their LPT return by post beginning from next Monday, individuals who themselves are active on ROS i.e. use ROS to file their own tax returns, are advised to monitor their ROS inbox as their LPT communication will issue via ROS.
Revenue has also confirmed the following with Chartered Accountants Ireland that “An Post, Payzone and Omnivent have completed the application process as payment service providers through which house owners can pay their Local Property Tax in cash or by debit / credit card”
Members will be kept informed of developments with the LPT via Chartered Tax News.
In the meantime, members wishing to read more on the LPT may find the Revenue website of use. Here you will find the Local Property Tax Guide, a sample LPT return form and FAQs.