Dáil Éireann Debate, Wednesday - 19 February 2014
85. Deputy Barry Cowen asked the Minister for Finance to set out the total amount collected in the local property tax in 2013 in each local authority; the anticipated collection amount in 2014; and if he will make a statement on the matter. [8478/14]
View answerI am informed by the Revenue Commissioners that 2013 year-end compliance data for the Local Property Tax (LPT) and preliminary data in relation to 2014 are available broken down by city and county councils nationally and the most up to date figures were published on 18 February on the Commissioners website at: http://www.revenue.ie/en/tax/lpt/lpt-stats-0214.pdf.
The Commissioners have confirmed that by the end of December 2013 €318m had been transferred by Revenue to the Exchequer in respect of LPT. Of this amount, €242m was in respect of LPT for 2013 and €76m relates to 2014 LPT.
The 2014 forecasted yield for LPT is €550 million. However, the Commissioners advise that it is not possible to state the precise amount of LPT which is expected to be collected for 2014. A numbers of factors could affect the outcome, including the continuation of the strong level of voluntary compliance that was achieved in 2013, the impact of Revenue s national compliance programme to follow up with those liable persons who have failed to meet their LPT obligations for 2013 and 2014, and the compliance programme for the collection of arrears of household charge/LPT.
