Local Property Tax (LPT). Annual Tax Returns. Paying Tax within deadline. Property Owners Tax Ireland. Revenue Compliance. Self-assessed.

The Revenue Commissioners have published a reminder of the payment dates for Local Property Tax (LPT) in 2021 to ensure compliance.  As you’re aware, LPT was introduced in 2013.  It is an annual, self-assessed tax which is payable by the owners of residential property situated in the Republic of Ireland and is calculated on the market value of the property.  The property owner is responsible for (a) selecting the correct valuation for the property, (b) filing the return and (c) paying the correct tax within deadline.

The payment date depends on the payment method selected:

• 1st January 2021 is the payment date if you are paying by (a) deduction at source from salary, (b) pension, (c) certain Government payments or (d) making regular payments to a payment service provider

• 11th January 2021 is the date for paying in full by cash, cheque, credit card or debit card.

• 15th January 2021 is the date for monthly direct debit payments beginning in January and continuing on the 15th of each month.

• 22nd March 2021 is the deduction date for Annual or Single Debit Instruction.

For further information, please follow the link: https://www.revenue.ie/en/property/local-property-tax/what-to-do-in-2021/filing-and-payment-deadlines.aspx

Please be aware that the information contained in this article is of a general nature.  It is not intended to address specific circumstances in relation to any individual or entity. All reasonable efforts have been made by Accounts Advice Centre to provide accurate and up-to-date information, however, there can be no guarantee that such information is accurate on the date it is received or that it will continue to remain so. This information should not be acted upon without full and comprehensive, specialist professional tax advice.