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Property Tax Collection

Dáil Éireann Debate, Thursday - 20 February 2014

Thursday, 20 February 2014

Questions (76, 77)

Michael McGrath

Question:

76. Deputy Michael McGrath asked the Minister for Finance the amount of local property tax collected in respect of properties in the jurisdiction of Cork County Council in 2012 and 2013; and the amount expected to be collected in 2014. [8824/14]

View answer

Michael McGrath

Question:

77. Deputy Michael McGrath asked the Minister for Finance the amount of local property tax collected in respect of properties in the jurisdiction of Cork City Council in 2012 and 2013; and the amount expected to be collected in 2014. [8825/14]

View answer

Written answers

I propose to take Questions Nos. 76 and 77 together.

I am informed by the Revenue Commissioners that as the Local Property Tax (LPT) was only introduced with effect from 1 July 2013 compliance data in relation to LPT is only available for 2013 onwards. The most up to date figures for LPT collected relating to properties in Cork City and County Councils were published on 18 February 2014 on the Commissioners website at: http://www.revenue.ie/en/tax/lpt/lpt-stats-0214.pdf.

While the 2014 forecasted yield for LPT nationally is €550 million, the Commissioners advise that it is not possible to state the precise amount of LPT which is expected to be collected for Cork City and County Councils in 2014. A number 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 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.

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. By the end of January 2014, a further €32.6m was transferred by Revenue to the Exchequer.

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