Terence Flanagan (Dublin North East, Independent)
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181. To ask the Minister for Finance the position regarding local property tax in respect of a person (details supplied) in Dublin 5; and if he will make a statement on the matter. [47183/14]

Michael Noonan (Limerick City, Fine Gael)
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I am advised by Revenue that the person to whom the Deputy refers in his Question is meeting his Local Property Tax (LPT) obligations through the Deduction at Source (DaS) payment method in respect of the property mentioned and there is no question of any penalties or interest being applied.

By way of background information in respect of penalties, Part 14 of the Finance (Local Property Tax) Act 2012 (as amended) outlines the various circumstances in which Revenue may impose a penalty in respect of LPT. For example, where a liable person does not submit/amend the statutory Return as required by Revenue or knowingly makes a false statement for the purposes of reducing the liability, then a penalty to the value of the correct LPT amount, subject to a maximum of €3,000, may apply.

In regard to interest charges in respect of the late payment and non-payment of LPT, Section 149 of the Finance (Local Property Tax) Act 2012 (as amended) provides for a charge at the rate of 0.0219% per day or 8% per annum on a 'simple interest' basis. The only exception to the application of this rate is where a property owner opts for a deferral of the liability as provided for in Part 12 of the Act, in such circumstances the interest rate is 4% per annum.