LOCAL PROPERTY TAX Unfortunately due to the confusing and poorly written letter from the Revenue Commissioners people have been caused upset about the when and how you can pay the Local Property Tax. While the letter was to ask people to say how they intend to pay next year and if you are doing so in a lump sum it has caused chaos. The important points to remember are that people arent required to make a payment before 2014 & depending on the options chosen it can be paid weekly, monthly, directly from pay/pension or in a lump-sum. When you are paying the LPT there are 7 ways to do it, but 2 immediate deadlines are important. For those who wish to deal with the revenue commissioners on paper, the deadline for choosing a payment option is November 7th. For those paying online the deadline for this option is November 27th. The options are: 1 Single debit authority: This involves filling out a form at the bottom of the property tax return, giving your bank account number, sort code and the amount of the liability. It authorises the bank to make a once-off payment to the Revenue. The payment date is the same for everybody: it is March 21st, 2014. As it is once-off, it will need to be reauthorise yearly if you want to keep paying this way. 2 Deduction at source from salary or pension starting in January 2014: You must provide employers name and tax registration number. Payment is spread evenly over the year, with automatic renewal each year. 3 Deduction at source from farm scheme payment: Aimed at making it easier for farmers to pay, tax payers need to provide name, PPSN number and herd number. Revenue then contact Department of Agriculture which deducts tax in even payments over 2014. 4 Monthly Direct Debit: Instruction by tax payer to bank to pay tax in 12 monthly instalments, commencing on January 15th, 2014. Taxpayers need to supply revenue with bank name and address, account number, PPSN number and sort code. 5 Debit/credit card: Because of data protection laws, Revenue will not retain card details, so property tax will be deducted on date the return is filed. 6 Approved payment service providers: This allows the local property tax to be paid in cash at An Post, Omnivend self-service kiosks or at Payzone outlets. Payments must be made weekly or monthly, with the taxpayer liable to calculate the payments. The service providers charge a commission for the service. 7 Cheque: Two methods, each paid directly to the Collector General. The preferred is to include it with the manual return by November 7th, 2013, writing the property ID on the back. If the taxpayer chooses to defer the payment, there is an obligation to include a note on the return that payment will be before January 1st. Taxpayer must then send a single debit authority and a cheque, recording property ID on back of cheque. Property owners should be aware that the valuation band declared on last year’s return applies for the period 2013 to 2016. Any work carried out on a residential property under the Home Renovation Incentive announced in Budget 2014 will not affect the amount of LPT payable for 2014, 2015 and 2016. Its important to remember that when this tax is collected it is to be used to pay for the facilities that we use in our local communities and to provide services from the county council, these are services that our community needs. Anyone who is confused about the LPT can contact the Revenue Commissioners on their dedicated helpline on 1890 200255.
Posted on: Mon, 04 Nov 2013 13:11:20 +0000
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