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LPT – Deduction at source from wages, salary or pension

The legislation governing Local Property Tax provides for payment by a liable person of the amounts due in respect of 2013, 2014 and arrears of 2012 Household Charge in either a single payment per year, or by phased payments over the course of each year.

Advised in the Revenue eBrief of 2013, employers and pension providers have been required to make this facility available to their employees/pension recipients since July 2013. Deduction at the source is the means by which LPT/HHC is to be paid.

It is organised that Revenue will notify the employer/pension provider through the Tax Credit Certificate (P2C) to deduct the amount from the employee’s net salary or pension recipient’s occupational pension.

The employer/pension provider must also account for and remit the deducted LPT/HHC to Revenue on Forms P30 and P35, and to employees on payslips, P60s and P45s.

If you need any advice, contact FMB by calling 01 645 2002 or emailing enquiry@fmb.ie.

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