Finance (Local Property Tax) Act 2012 section 145

Penalties in respect of non-compliance with Part 10

Section 145 sets out the penalties that apply where a person fails to comply with the obligations imposed under Part 10 of the Act relating to the deduction at source of local property tax.

• A penalty of €3,000 applies for failure without reasonable excuse to send notifications, statements or particulars to Revenue, to deduct LPT as directed, to remit deducted LPT within the required timeframe, or to keep and retain records for Revenue inspection.
• A penalty of €500 per month or part-month applies for late submission of an end-of-year declaration to Revenue, up to a maximum of €3,000.
• Where the person in default is the secretary of a body of persons, a separate additional penalty of €2,000 applies to that secretary.
• Penalties under this section are recoverable and enforceable in the same manner as penalties for breaches of the PAYE regulations under section 987(4) of the Taxes Consolidation Act 1997.