Finance Committee to discus deadlines and payment options of LPT

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LeinsterHouse11-9-2008ISSUES around the property tax deadline and payment options will be on the agenda of the Committee on Finance, Public Expenditure and Reform , tomorrow afternoon, Thursday, November 7 when it meets with Revenue Commissioners Chairman Josephine Feehily.

Committee Chairman Ciarán Lynch said: “The Revenue Commissioners announcement that it has extended the paper filing deadline for the property tax by a week,until next Thursday November 14th is a positive and welcome development. There has been much confusion and concern in relation to letters sent to households for next year’s property tax with ambiguity around the various payment options offered and deadline for payment. Tomorrow’s meeting with the Chairman of the Revenue Commissioners should allow for the existing concerns and ambiguities to be cleared up in time for the new deadline. It is also a chance for the Committee to discuss the structure, timing and operation of the scheme and raise the issue of Revenue’s customer service on the issue.”

Following this meeting, officials from the Department of Finance will come before the Committee for scrutiny of  EU legislative proposal: COM(2013)520 – re uniform rules and a uniform procedure for the resolution of credit institutions and certain investment firms in the framework of a Single Resolution Mechanism and a Single Bank Resolution Fund.

Deputy Lynch said: “Under banking union the EU’s largest banks would come under the surveillance of a single supervisor, with a common EU resolution fund empowered to step in when banks fail and to rescue or wind up troubled lenders. Tomorrow, we will receive a briefing on the legislative proposals on the framework for the resolution mechanism and resolution fund and members will have an opportunity to raise any issues or concerns they may have.”