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Are you aware of the impact LPT will have on payroll with effect from 1st July 2013?

Do you know what your obligations are as an employer?

Has your payroll software been updated to accommodate LPT deductions from payroll?

Outline
A property tax to be known as “Local Property Tax” (LPT) will be introduced from 1st July 2013. LPT will be administered by Revenue and will be based on a system of self-assessment. However, an employee may elect for LPT to be deducted from his wages/occupational pension, or Revenue may enforce collection through wages, for example, where the individual fails to make a LPT return or fails to pay the liability by another means. 

The LPT deduction from wages will commence in July 2013 and this information seminar will answer all of the following questions on the practical application of LPT and its impact on payroll and employers:

  • How will employer be notified of an LPT deduction?
  • How will an employer be notified of an LPT deduction?
  • How will an employer be notified of an LPT deduction?
  • How will an employer know when to stop deducting LPT?
  • What changes will be made to Revenue forms?
  • Can instructions regarding LPT be taken directly from employees?
  • How to calculate LPT in any given pay period?
  • What does an employer do if an employee has insufficient pay?
  • What happens when an employee is on unpaid leave?
  • What if it is not possible to collect the full amount of LPT? 
  • Is it possible for an employee to be left with no net take home pay?
  • What payments can you deduct LPT from?
  • What payments should you not deduct LPT from?
  • What priority does LPT have over other deductions from wages?
  • What impact will Week 53 have on LPT?
  • Can an employer refund an over deduction of LPT?
  • What are the tax implications if an employer pays an employee’s LPT liability?
  • How will Revenue deal with any shortfalls arising at the end of the year?
  • What are an employer’s obligations if they are unable to deduct the full amount of LPT before the end of the year?
  • Do interest and penalties apply? 

Who will benefit from attending this information seminar?
Payroll, HR and Finance managers and staff, or anybody who works in, or is responsible for the payroll function will find this seminar to be of immense benefit.

CPD/CPE Hours
Attendance at this seminar may qualify for 2 CPD/CPE hours for members of the Institute of Chartered Accountants in Ireland, the Association of Chartered Certified Accountants, the Institute of Certified Public Accountants in Ireland, the Irish Taxation Institute, the Law Society, Accounting Technicians Ireland and other professional bodies.

Timetable
Courses are scheduled to run for 2 hours from 10.00am to 12 noon or 2.00pm to 4.00pm at each venue. Tea/coffee will be served on arrival.

Course Fees                  Members        Non-Members

All delegates                    €75*                   €90          

* Price includes members discount   

Contact Information

  • The Irish Payroll Association
  •   IPASS House,
    H4 Centrepoint Business Park,
    Oak Road, Dublin 12
  •   (01) 4089100
  •   (01) 4089102
  • Contact US

About IPASS

IPASS is the leading provider of Payroll and VAT training in Ireland. We offer a range of courses and qualifications, including PAYE, PRSI, USC & LPT, UK Payroll, VAT, Employment Law, PSWT and Relevant Contracts Tax.


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