Dáil Éireann Debate, Tuesday - 10 December 2013
144. Deputy Michael McGrath asked the Minister for Finance the amount of local property tax due for 2014 that has already been collected at the end of November 2013; and if he will make a statement on the matter. [52895/13]
View answerInitial forecasts for Local Property Tax (LPT) receipts envisaged a yield of €250m for 2013 and €500m in 2014. In light of taxpayer payment patterns for the 2013 liability, the anticipated yield for 2013 was increased to €300 million to take account of potential payments in respect of 2014. I am advised by the Revenue Commissioners that by the end of November 2013, the total LPT that had been transferred to the Exchequer by Revenue amounted to approximately €287m. Of this amount, approximately €65m relates to 2014 LPT, with the balance of €222m relating to 2013 LPT.
