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Revenue gives Property Tax details

Thursday, March 07 12:26:48

The Revenue Commissioners today unveiled new details on how the Property Tax will be administered and collected from around 1.6 million Irish homes.

Revenue chairman Josephine Feehily launched a timetable for the new tax that will count down from next Sunday, when a guide for property values will go online.

Then Revenue will start to issue personalised letters, Local Property Tax return forms and Local Property Tax booklets from next Monday.

Speaking at the press briefing, Ms. Feehily stressed that it 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: revenue.ie, propertypriceregister.ie, property pages of local newspaper, local estate agent, property websites. The quickest and most straightforward way to complete and submit the property tax return is online on revenue.ie. If you complete the paper return, the deadline for sending it to Revenue is 7 May. If you're filing online, the deadline is 28 May. 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," she warned.

Ms Feehily also admitted that there would be errors. She said that some letters may sent to people who are deceased, while others may be sent in error to tenants instead of landlords.

"An important message today is that if a person gets a letter and they are not the owner, they should contact Revenue immediately to tell us who the owner is so that we can correct the register. If they don't, we will continue to connect them to that property," she said.

Key dates to note are:

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.