The latest figures on the Property Tax from Revenue is that 948,522 LPT returns had been received by May 20th. This is one week before the deadline for online returns to be made.
The exact figure for the total number of liable properties is not known. A figure of 1.9 million was mentioned by Minister Hogan – but Revenue say they only issued forms to 1.6 million properties. Several thousand people have not been sent forms or letters because they were sent emails instead – to register online. Revenue have admitted that thousands of home owners will not have received any form or email – because they just can’t match up some properties to potential owners.
If we go with the higher figure of 1.9 million properties – then that means just under 50% of all LPT1 returns had been filed by May 2oth.
Revenue say that any home owners will not have received a form or email - are still expected to fill in an LPT1 form online .
The Property Tax legislation mentions a financial penalty for not completing an LPT1 form. It appears that this penalty will not be automatic – Revenue say they “will follow up with you if you do not submit your LPT Return form”
Revenue also say that… “Penalties will not be imposed automatically and will be preceded by engagement with the taxpayer. If you don’t send your completed return to Revenue, the penalty is the amount of tax due, subject to a maximum of €3,000″
So – if your property tax is estimated at €157 and you don’t return the form – you will then owe double that amount (ie. €314).
More about Property Tax Penalties