Finance (Local Property Tax) Act 2012 section 111

Remittance of local property tax deducted by the Minister to the Revenue Commissioners

Section 111 sets out the obligations of the Minister to account for and remit local property tax deducted from net scheme payments to the Revenue Commissioners.

• The Minister is accountable to Revenue for all local property tax that is deductible from net scheme payments owed to a liable person.
• Local property tax deducted must be remitted to Revenue at a time and in a manner agreed between Revenue and the Minister.
• As a default rule, local property tax deducted in any month must be remitted to Revenue within 7 days after the deduction.
• The 7-day remittance deadline is subject to any alternative arrangements that may be agreed between Revenue and the Minister.