Thursday, 24 October 2013

Questions (68, 73, 98, 99, 100)

Barry Cowen

Question:

68. Deputy Barry Cowen asked the Minister for Finance if he will provide a breakdown by local authority of the amount of revenue collected from the property tax to date in 2013; and total estimated revenue on a local authority basis in 2014. [45404/13]

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John Halligan

Question:

73. Deputy John Halligan asked the Minister for Finance in relation to the local property tax, if he will confirm since its collection the percentage of those persons considered to be the responsible person who have registered for the tax; the percentage who have actually made arrangements to pay the tax; if he will confirm the figure that has been collected to date per county; of the figure collected, the amount that has been distributed to the relevant local authority; the amount that has been retained by the Exchequer of the figure collected; the amount that has been allocated to paying off the national debt; and if he will make a statement on the matter. [45472/13]

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Michael McGrath

Question:

98. Deputy Michael McGrath asked the Minister for Finance the number of properties registered for the local property tax where the registered value is higher than the estimate placed on the property by Revenue; and if he will make a statement on the matter. [45576/13]

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Michael McGrath

Question:

99. Deputy Michael McGrath asked the Minister for Finance the number of properties registered for the local property tax where the registered value is lower than the estimate placed on the property by Revenue; and if he will make a statement on the matter. [45577/13]

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Michael McGrath

Question:

100. Deputy Michael McGrath asked the Minister for Finance the revenue that will be raised in 2014 from properties valued at greater than €1 million for the local property tax; and if he will make a statement on the matter. [45578/13]

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Written answers (Question to Finance)

I propose to take Questions Nos. 68, 73, and 98 to 100, inclusive, together.

I am advised by the Revenue Commissioners that yield and compliance data for the Local Property Tax (LPT) for 2013 are compiled on the basis of the number of properties and is available broken down by city and county councils nationally. The most up to date figures, which are published on the Revenue Commissioners website at: http://www.revenue.ie/en/tax/lpt/lpt-stats-0913.pdf, include the percentage distribution of properties per value band and show that 0.2% of properties are valued at over €1 million. I am further advised that by the end of September 2013 approximately €200m had been transferred by Revenue to the Exchequer.

In the Budget which I presented to the House last week, I indicated an estimated revenue of €550 million for 2014 from LPT. However, the Commissioners advise that it is not possible to state at this point the precise amount of LPT which is expected to be collected for 2014 for each local authority, nor the expected revenue from properties valued at over €1m. There are a number of factors which could affect these figures including the continuation of the very strong level of voluntary compliance that was achieved in 2013, the impact next year of Revenue's national compliance programme to follow-up on those liable persons who have failed to meet their LPT obligations for 2013, and the level of deferrals of LPT staying constant.

LPT Returns are still being filed and work is on-going to refine the LPT Register. More detailed data and analysis, including analysis in relation to a comparison of the Revenue Estimates with self-assessed valuations will be published in due course. The Deputies will be aware that Revenue has just commenced the Pay and File campaign for LPT 2014, which is their current priority in relation to LPT.

Section 157 of the Finance (Local Property Tax) Act 2012, as amended, provides that, in each financial year commencing with 2014, the Minister shall pay from the Central Fund or the growing produce thereof into the Local Government Fund an amount equivalent to the Local Property Tax, including any interest paid thereon, paid into the Central Fund during that year. Accordingly, receipts from the Local Property Tax received in 2013 will remain in the Exchequer and will be used to meet the many expenditure obligations faced by the State. The allocation to the Local Government Fund for 2013 had already been decided before the Local Property Tax commenced.

Question No. 69 answered with Question No. 66.