Finance (Local Property Tax) Act 2012 section 63

Power to issue precepts

Section 63 gives Revenue the power to issue a precept — a formal written demand — to any person requiring them to provide documents, information or particulars relevant to the assessment of another person's local property tax liability.

• Revenue may issue a precept to any person requiring them to deliver documents or provide information that Revenue considers necessary to establish a liable person's local property tax position.
• The precept must be in writing and is served by post or delivered to the person concerned, specifying the documents or information required and a reasonable deadline for compliance.
• Precepts can be directed at a wide range of third parties, including employers, financial institutions, tenants, agents, or anyone else who may hold relevant information about a liable person's property or financial affairs.
• Failure to comply with a precept without reasonable excuse is an offence and may result in penalties, reinforcing Revenue's ability to gather the information it needs to ensure correct local property tax assessments.

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