ALMOST 68,000 PEOPLE had mandatory local property tax (LPT) deductions from their wages or pensions over the past two years, according to new compliance figures from Revenue.
The overall compliance rate for the payment over 2013 and 2014 stands at 95%, and raised a total of €780 million from 1,850,000 homes.
However, the €491 million raised last year was slightly below target.
“The Budget 2014 forecast assumed that prepayments in 2014 of 2015 LPT liabilities would be similar to the significant pre-payments for 2014 liabilities,” the Minister for Finance previously explained.
The compliance rate is 2015 currently stands at 84%.
“Revenue is currently working through 28,000 items of LPT correspondence and will be moving on to compliance activity in respect of 2015 LPT by the end of February,” a statement today read.
For property owners who have not yet complied with their 2015 LPT obligations, it is therefore in their best interests to make payment arrangements now.
Revenue also noted that a total of €41 million in Household Charge arrears since it took over collection of the payment.
Revenue sent 282,000 compliance letters over the course of 2013 and 2014, resulting in 67,800 people seeing the tax deducted directly from their wages or pension.
The number of homes mis-valued was relatively small, with 7,800 homes being recalculated either by Revenue or by the homeowner themselves.
A two-day extension was granted to the LPT deadline last month following a “very large volume of calls” to the Revenue helpline.
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