68,000 had property tax taken from their wages or pensions in last two years

February 6, 2015 The MyHome Newsdesk by The MyHome Newsdesk
68,000 had property tax taken from their wages or pensions in last two years

Almost 68,000 people had mandatory local property tax (LPT) deductions from their wages or pensions over the past two years, according to new compliance figures from Revenue.

The overall compliance rate for the payment over 2013 and 2014 stands at 95%, and raised a total of €780 million from 1,850,000 homes.

However, the €491 million raised last year was slightly below target.

Revenue have encouraged anyone who has not yet paid to make contact with them.

A statement read: “For property owners who have not yet complied with their 2015 LPT obligations, it is in their best interests to make payment arrangements now – complete the Single Debit Authority online now and Revenue won’t deduct the LPT amount from your account until 21 March 2015 (unless you specify an earlier date).

Advertisement

“In total, approximately 282,000 compliance letters have issued in respect of 2013 and 2014 LPT. Approximately 67,800 mandatory deductions from wages/pensions are or were in operation. Compliance activity in relation to the self-employed and companies includes approximately 14,000 tax clearance refusals and 18,800 income tax and 100 corporation tax surcharges applied. In addition, there have been 800 referrals to the Sheriff and over 7,300 valuations have been increased arising from a combination of self-correction and Revenue challenges.”

Tags:
Uncategorized Local Property Tax LPT property tax Revenue single debit authority

Related articles

Woman using mortgage calculator

Mortgage calculator

Ready to start house hunting but need to know how much you'll be paying on your mortgage? Our Irish mortgage repayments calculator will get you the answers you're looking for.

Start now →

Powered by doddl logo