Finance (Local Property Tax) Act 2012 section 81

Employer to keep records

Section 81 requires employers who have been directed to deduct local property tax from an employee's pay to maintain and retain proper records of those deductions and related payments.

• Employers directed to deduct LPT must keep records of net pay paid, LPT deducted, and LPT remitted to Revenue.
• These records must be retained for a minimum of 6 years from the end of the year to which they relate.
• Records must be produced for inspection by a Revenue officer upon request.
• The inspection power operates under the general Revenue power of inspection provisions applied through the Taxes Consolidation Act 1997.