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EXPLAINED: How the new property tax collection system will work

Thursday, 7th March, 2013 5:35pm
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EXPLAINED: How the new property tax collection system will work

Josephine Feehily, the chair of the Revenue Commissioners, has announced details of the administration of the Local Property Tax (LPT).


She was speaking in advance of Revenue beginning to issue personalised letters, Local Property Tax return forms and Local Property Tax booklets in respect of about 1.66m properties from next Monday (11 March).

At the press briefing, Ms Feehily stressed the following:

• This is a self-assessed tax. You value your own property and if you follow Revenue guidance honestly, your self-assessment will be accepted
• Useful sources for valuation guidance: www.revenue.ie,www.propertypriceregister.ie, property pages of the newspapers, estate agents, property websites
• The quickest and most straightforward way to complete and submit the property tax return is at www.revenue.ie
• If you complete the paper return, the deadline for sending it to Revenue is May 7. If you’re filing online, the deadline is May 28
• There are easy ways to pay like deduction at source and Single Debit Authority
• If you’ve received a property tax return but are not the owner of the property, you need to contact Revenue
• Don’t ignore the return. If you do, Revenue will pursue collection of the estimate. 


Key dates:
1 May 2013 Property Valuation and Property Ownership date.
7 May 2013 Due date for filing paper LPT returns.
28 May 2013 Due date for filing LPT returns electronically.
1 July 2013 onwards Commencement of deduction at source from Salary/Occupational Pension or certain payments from the Department of Social Protection and Department of Agriculture, Food and the Marine.
1 July 2013 onwards Commencement of cash payments through certain payment service providers.
15 July 2013 onwards Commencement of direct debits.
21 July 2013 Single Debit Authority Payment deducted.

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