independent

Sunday 20 April 2014

Property: The Ryan Review

I thought I might write in Swahili this week, since Revenue has cornered the market in Double Dutch, but figured if we were going to discuss the debacle that was the property tax letter, then the simplest of plain English was probably the way to go.

What should have been straightforward became an unmitigated disaster.

So this week, if you're one of the 900,000 or so who got "that letter", here's the translated version:

Firstly if you paid in 2013 by deduction (eg direct debit, salary, pension etc,), then you do nothing. These will simply roll over and continue throughout 2014. Phew.

For those who paid as a 'once off' measure, you have probably got the letter. If you are self-employed, like me, it may have sneaked into your ROS inbox, so look there – I got no paper copy.

You must TELL Revenue, by 27 November, online, how you're going to pay for 2014 – you do not need to actually pay. This is so that a monthly direct debit can be set up in time. However, since debit/credit cards are taken immediately, they will be deducted now if you choose this method. I'd avoid this.

If you still want a single payment, the best option is "Single Debit Authority" which will come out on 21 March 2014.

Now, how hard was that?

Irish Independent

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