Kevin Humphreys (Dublin South East, Labour)
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80. To ask the Minister for Finance the expected yield from the local property tax for the liability that arises in 2013; the amount it is projected will be received in 2013 for the liability that arises in 2014; if he will clarify that the projected €300 million in 2013 from local taxes in the Exchequer tax revenue forecast on page C15 of the budget book includes payments for 2013 and 2014; and if he will further clarify of the €550 million projected yield in 2014, the amount of this figure that relates to late payments for 2013, and early payments for 2015; and if he will make a statement on the matter. [47861/13]

Michael Noonan (Limerick City, Fine Gael)
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Initial forecasts for Local Property Tax (LPT) receipts envisaged a yield of €250 million for 2013 and €500 million in 2014, a full year. In light of taxpayer payment patterns in respect of the 2013 liability, the anticipated yield for 2013 was increased to €300 million to take account of potential payments in respect of 2014. Because 2014 is the first full year of LPT, and because there are a number of one-off factors to be included, estimates are of necessity tentative. The 2014 forecasted yield for LPT of €550 million carries forward the assumption that observed taxpayer payment patterns will continue. It also takes account of 2014 yields most of which will be non-recurring, including the 2013 liabilities of local authorities, which were postponed into 2014; arrears and compliance activity by the Revenue Commissioners in relation to 2013 LPT and LPT yield arising from arrears of household charge. In this regard, I am advised by the Commissioners that while compliance activity will begin early next year, approximately €700,000 has already been paid since 1 July in respect of arrears of household charge/LPT and is included in the LPT Exchequer figures.