Finance (Local Property Tax) Act 2012 section 113

Under-deduction of local property tax by Minister

Section 113 deals with what happens when the Minister for Agriculture, Food and the Marine fails to deduct the full amount of local property tax (LPT) from a liable person's scheme payments within the specified period.

• Where the Minister does not deduct the full LPT amount before the end of the period specified in the direction, the shortfall can be carried forward into a subsequent direction from Revenue.
• Alternatively, Revenue may agree a different method of payment directly with the liable person to recover the outstanding amount.
• If neither a new direction nor an alternative payment agreement is in place, the Minister must deduct the shortfall from the liable person's net scheme payments in the following period as a default measure.
• The Minister is required to notify Revenue whenever a shortfall arises that results in either a carry-forward direction or an alternative payment arrangement being put in place.