Up to 350,000 households face penalty for not submitting property tax valuation | Business Post

The Revenue has sweeping powers to engage in mandatory deduction of the property tax from wages, social welfare payments and even single farm payments

The Revenue Commissioners have warned that up to 350,000 households could face a substantial interest rate penalty for failing to submit their property tax valuation. The agency has encountered a higher-than-expected level of non-compliance with the requirement for households to revalue their homes for the first time since 2013.

The latest figures from the Revenue show that so far around 1.4 million property tax returns have been filed with the new valuations. But even though the deadline...

United States United States Latest News, United States United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Households and firms face soaring prices for two years, ESRI to warn | Business PostThe think tank has abandoned its previous forecasts for inflation to peak in the coming months, while a new review into energy security is to propose a state-owned ‘non-commercial’ LNG terminal and ways to fast-track clean energy projects
Source: businessposthq - 🏆 8. / 71 Read more »

Up in the air: uncertainty as aircraft lessors face writing off billions | Business PostNew EU sanctions mean companies, including Irish lessors, may be forced to leave their planes stranded in Russia while the Kremlin has hit back with a law allowing foreign-registered aircraft to be re-registered in Russia
Source: businessposthq - 🏆 8. / 71 Read more »