28% of Munster employers are unaware of their legal obligation to collect Local Property Tax (LPT) from employees who elect to deduct this at source from their salary, according to research announced today by the market leader in accounts and payroll software, Sage Ireland.
Sage conducted a survey of over 200 employers and payroll administrators in Munster. 63% of participants said they would like to know more about their LPT obligations, indicating a lack of awareness among employers.
According to the Revenue Commissioners, residential property owners can opt to pay their LPT for 2013 in one single payment or to phase their payments over the period July to December 2013. Where this payment option is chosen by a property owner, Revenue will notify the employer to deduct property tax from the owner’s net salary and employers will be required to make this facility available to their employees/pensioners from July 2013 onwards.