Answered on May 28, 2013
Deputy John Deasy asked the Minister for Finance the position regarding his Department’s deliberations on the Living City Initiative in terms of maximising its uptake in Waterford and Limerick, and securing the necessary EU approvals.
Reply from Minister Michael Noonan: Finance Act 2013 includes a section on the Living City Initiative which introduces a scheme of tax incentives focusing on the regeneration of the historic centres of some of our main cities. The scheme which will be introduced by Ministerial order, will apply in the first instance on a pilot basis only to specified regeneration areas in Waterford and Limerick.
I indicated in my budget speech in December last year that I would examine proposals for a targeted incentive for already identified regeneration areas. The tax relief that will apply under this scheme will operate for five years from the date of commencement.
However, it is my intention that before it begins, the scheme will be subject to an ex ante cost benefit analysis and, subject to a positive outcome from the analysis, I will seek EU approval under State Aid rules for this initiative to be commenced for Limerick and Waterford cities.
Now that Finance Act 2013 is law, my department has been working on a request for tender document and I expect the tendering process for the cost benefit analysis project to begin shortly.
Wednesday, 27 March, 2013
Deputy John Deasy asked the Minister for Finance if he will ensure that Revenue change their local property tax registration form to include the option for full payment in cash in order to avoid confusion amongst members of the public who wish to avail of this option rather than a weekly or monthly payment; and if he will make a statement on the matter.
Reply from Minister Michael Noonan: I am informed by the Revenue Commissioners that a wide range of payment options have been made available to liable persons, which will allow them to pay their Local Property Tax (LPT) liability in full or by way of phased payments. One payment option allows persons to pay the LPT by cash through one of the three approved payment service providers, which are An Post TaxPay, Payzone and Omnivend.
I am further advised by the Commissioners that, although the LPT Return only provides the option to pay LPT by cash in weekly or monthly instalments through the payment service providers, customers are free to choose whether to make their cash payments in one lump sum or spread their payments in equal instalments between July and December 2013. Accordingly, liable persons wishing to pay their LPT liability in cash, should choose the weekly or monthly option on the LPT Return, even where they intend to make one lump sum payment in cash.
I am advised by the Revenue Commissioners that in cases where a liable person wishes to pay their LPT in full using cash, all payment service providers have been informed to accept the lump sum payment. I am also advised that the LPT booklet accompanying the letters and LPT Returns that are currently being sent to liable persons by the Revenue Commissioners explains at page 7 that cash payments can be made in full. Indeed I understand that some property owners have already paid in full using cash.
As the general issue of LPT Returns has already commenced, it is not possible to amend the return form at this stage but I am satisfied that this should not impede a property owner who wishes to pay their LPT charge in full using cash.
Tuesday, 22 January 2013
Deputy John Deasy asked the Minister for Finance the revenue that will be generated by the property tax in each county and the overall amount projected throughout the country.
Written reply received from Deputy Michael Noonan: According to Budget estimates the Local Property Tax is expected to generate an overall yield of €250 million in 2013 and €500 million in 2014. I am advised by the Revenue Commissioners that it is not possible to provide a breakdown of these estimates on a county basis until Local Property Tax returns are filed and payments made by liable persons.
Dáil Éireann allocates a certain amount of time on Tuesdays, Wednesdays and Thursdays during which Deputies may ask questions of Members of the Government relating to Public Affairs connected with their Departments, or on matters of administration for whch they are officially responsible. The Taoiseach answers questions on his own Department on Tuesdays/Wednesdays.