As covered in Chartered Tax News recently, Revenue stated it would be contacting property owners regarding outstanding Local Property Tax (“LPT”) returns in respect of the 2022 to 2025 valuation period.
Revenue have since confirmed that as of 5 April 2022 approximately 140,000 reminder letters have been sent. Since the letters issued, more than 37,000 LPT returns have been filed with 16,000 taxpayers setting up the necessary payment instructions for 2022.
Ms. Katie Clair, Head of Revenue’s LPT Branch, made the following comments regarding engagement by property owners:
“We are just over a week into our LPT Return reminder campaign and already we are seeing significant engagement from property owners. Over 26% of those who received a letter have already filed their overdue LPT return, we have received around 4,500 calls per day to our LPT Helpline and are also seeing an increase in correspondence. It is clear from this level of engagement that the property owners contacted are making every effort to now fully comply with their LPT obligations. The overall return compliance rate in respect of LPT for 2022 has now increased to 87% and the payment compliance rate is 93%.”
She concluded with the following advice:
“Most property owners are fully compliant with their LPT obligations. Regardless of whether you have got a letter from Revenue or not, if you haven’t yet filed your LPT Return for 2022, it is really important that you do so immediately. In fact, it is a legal requirement that you do so. The easiest way to file your LPT return is online. You access the LPT online portal on revenue.ie. However, if property owners need assistance in completing their LPT Return or have any queries regarding their LPT obligations, they can contact the LPT Helpline at 01 738 36 26.”
The updated LPT statistics for 2022 can also be found on Revenue’s website.
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