Jim Daly
Ceist:85. Deputy Jim Daly asked the Minister for Finance to clarify an issue (details supplied) on the late payment of the local property tax; and if he will make a statement on the matter. [16284/16]
Amharc ar fhreagraWednesday, 15 June 2016
Ceisteanna (85)
Freagraí scríofa
Section 38 of the Finance (Local Property Tax) Act 2012 (as amended) provides for a 10% surcharge (penalty) on self-assessed Income Tax/Capital Gains Tax liabilities where there is non-compliance with LPT filing and payment obligations. The surcharge is in addition to the actual LPT liability but will be reduced to equal the LPT liability where the property owner files the return and pays the amount due. The surcharge does not apply to employees or pension recipients as any arrears of LPT are automatically deducted from their payments over the course of the year in question.
Having regard to the particular circumstances of the case in question, including the relatively small amount involved and the fact that the person is now fully compliant with his LPT obligations, Revenue has confirmed that the surcharge in question will be removed.