The Institute, under the auspices of the CCAB-I, made representations on behalf of members at last week’s meeting of the Tax Administration Liaison Committee (TALC) Collections sub-committee. The topics discussed included an update from Revenue on Local Property Tax (LPT) in relation to the revaluation date of 1 November 2025. Revenue also provided updates on its banking modernisation programme and agent notifications of weekly Payment Demands and Final Demands notices issued to clients. Revenue informed the meeting that it has written to 286,000 PAYE taxpayers with over/underpayments of tax for 2023.
It was also agreed that a bespoke meeting to discuss simplification of the Form CT1 2026 is to be scheduled later this year. The Institute has consistently raised the growth in complexity in the Form CT1 in recent years and hopes this meeting will commence a process to substantially simplify the Form CT1 in the future.
LPT
2025 is a revaluation year for LPT. Revenue is to begin a communication campaign to 1.5 million property owners regarding revaluing 2.2 million properties from mid-September 2025. Property owners will be required to:
- Value the property as at 1 November 2025,
- Submit the property valuation to Revenue and file a return by 7 November 2025, and
- Confirm the preferred payment arrangement for 2026.
The valuation on 1 November 2025 will apply for the years 2026 to 2030 inclusive. The LPT portal and website content are due to be updated from mid-September for the new revaluation period.
Banking modernisation programme
Revenue has confirmed that Phase 1 of its banking modernisation programme has gone live since 11 August. In this regard, Revenue has written to 23,000 taxpayers that pay preliminary tax by direct debit detailing the new payment mandate number. No action is required by the taxpayers.
11,000 VAT fixed direct debit (FDD) taxpayers have been impacted by the change. Taxpayers who have yet to transition from paying VAT by FDD and who wish to change the FDD amount, must do so by sending a request via MyEnquiries as the relevant functionality will no longer be available. Taxpayers wishing to migrate to a simplified arrangement must make an application to the Collector General’s Division.
Phase 2 has commenced and Revenue intends to redesign the ROS debit instruction (RDI) and single debit instruction (SDI). Non-resident Landlord Withholding Tax, LPT and Vacant Homes Tax will be integrated onto a payment’s hub by January 2026.
Agent lists of initial and final demands
Revenue acknowledged the positive level of agent engagement since it began issuing agent notifications of client Payment Demands and Final Demands notices to the agent ROS Inbox earlier this summer.
2023 PAYE campaign
From 1 September 2025 Revenue has commenced issuing letters to 286,000 PAYE taxpayers with possible under/overpayments of tax for 2023. Taxpayers are required to include details of any income they may have from other sources, including taxable payments from the Department of Social Protection.
Revenue reminded the forum that PAYE taxpayers can access a Preliminary Statement from 1 January in the year following the year of assessment via MyAccount. Accordingly, the provisional tax position for 2024 PAYE taxpayers is already available to view.
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