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More Homes to be liable for Local Property Tax

Further from our previous blog on the deferral of amendments to Local Property Tax (LPT) until 2021, Mr Paschal Donohoe is reported to have confirmed that there will be an expansion of properties subject to LPT over time, that won’t result in higher bills for those households that already pay it.

By expanding the numbers of households liable to pay LPT will reduce the need to impose higher property tax on existing LPT payers.

Mr Donohoe stated that;

Any changes have to be modest and affordable’, existing LPT payers ‘doesn’t see a change’. For some, if they do see a change, it’s a change by a single band

As reported in the Irish Independent,

The latest figures from Revenue suggest substantial compliance with the existing LPT regime, with 98pc of assessed households paying the tax in 2018. Revenue says it collected €482m in LPT last year. The owners of around 49,000 properties applied for exemptions citing a wide range of issues, ranging from pyrite damage to charitable use.

Why not catch up on our previous blogs here

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Extension of Pay & File Deadline for Self-Assessed

Revenue have confirmed they have extended the Pay & File Deadline to Tuesday 12th November for all self-assessed individuals. In order to qualify for this extension, you must pay and file through ROS.

The individual must;

  • Pay Preliminary Tax due for 2019
  • Pay Income Tax Balance for 2018

This extension also applies for beneficiaries who have received gifts and inheritances with valuation dates in the year ended 31st August 2019. The Capital Acquisition return and payment must be paid through ROS to qualify.

As with every year, as it is an extremely busy period, we would advise all our clients that in order to give enough time to review your tax year and to submit it, paperwork must be submitted as soon as possible for 2018

Have a query? Contact us on 01 539 7999

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Phased Payment Arrangement (PPA) with Revenue

Revenue are introducing a new facility to enable taxpayers to pay their tax liabilities by phased payments through ROS.

From March 25th, taxpayers holding a current ROS certificate can avail of this new facility. You will be able to apply for a PPA through ROS and agree terms.

If you have a PPA already in place with Revenue, you must register for ROS in order to manage and view this arrangement. Revenue have advised those currently availing of this arrangement to register for ROS.

Should you wish your tax agent to have authorisation to access or deal with Revenue regarding your PPA on your behalf, signed authorisation will be required from you

Have a query? Contact us on 01 539 7999