Finance (Local Property Tax) Act 2012 section 116

Minister to keep records

Section 116 requires the Minister for Agriculture, Food and the Marine to maintain and retain records relating to the deduction of local property tax from scheme payments.

• Where Revenue directs the Minister to deduct LPT from a liable person's scheme payments, the Minister must keep records of payments made, LPT deducted, and amounts remitted to Revenue.
• These records must be retained for six years from the end of the year to which they relate.
• The records must be produced for inspection by a Revenue officer on request.
• The record-keeping obligation applies whether the direction is an original direction or a revised direction issued by Revenue.