Submitting a Local Property Tax Return – Avoiding a Surcharge

If an individual has to submit a Local Property Tax (LPT) return and has not done so by their income tax return filing date i.e. 31 October 2013, he / she will liable to a surcharge on his / her income tax liability. This is in accordance with S38 of the Finance (Local Property Tax) Act 2012 which links the submission of a LPT return with an income tax return. The implication of this section is where a LPT return is due and the return and payment are outstanding, the individual’s income tax return is also […]