Catherine Murphy
Ceist:211. Deputy Catherine Murphy asked the Minister for Finance the total amount of local property tax collected to date in 2022; and the amount outstanding to be collected for 2022. [46461/22]
Amharc ar fhreagraThursday, 22 September 2022
Ceisteanna (211)
Freagraí scríofa
I am advised by Revenue that information in respect of Local Property Tax (LPT) payments for the year 2022 is published on the Revenue website with the most recent update having been made on 12 September 2022. Figures for tax collected over the course of a year can differ to tax collected in respect of a particular year, as payments of LPT can occur at different intervals.
The recent Revenue analysis shows that payment arrangements in respect of approximately €470 million in LPT have been secured already for the year 2022, of which €384.2 million has been collected to-date, including payments received in the last quarter of the calendar year 2021. This collection figure excludes amounts collected through payroll deduction for 2022 to date, as a breakdown of these payments will not be available until after year-end.
The LPT yield is estimated to be €490 million for the year 2022 when all payments have been received. This estimate is provisional and likely to be revised. In relation to tax collected to date over the course of 2022, the net receipt of LPT to end August is €327 million.