Finance (Local Property Tax) Act 2012 section 108

Amount of local property tax to be deducted

Section 108 sets out how the amount of local property tax to be deducted from a liable person's agricultural scheme payments by the Minister for Agriculture, Food and the Marine is to be calculated.

• The amount of LPT that Revenue may direct the Minister to deduct from a liable person's net scheme payments is determined using the same rules that apply to deductions from employment income, but adapted for scheme payments.
• The deduction may cover self-assessed LPT, Revenue-estimated LPT, or any unpaid LPT amounts, including interest, and must take into account any payments already made towards the liability.
• References in the employment deduction rules to emoluments are read as references to scheme payments, ensuring the calculation applies appropriately to agricultural scheme contexts.
• The circumstances triggering deduction and the rules for carrying forward deductions into subsequent periods mirror those specific to deductions by the Minister for Agriculture rather than those for employers.