LPT - Direct Debit Payment - Interest charged?

Dinarius

Registered User
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506
If I pay the LPT by direct debit, do I pay interest?

Or is the amount due divided by 12 monthly payments?

Basically, what's the most cost efficient way of paying?

Thanks.

D
 
This is taken from revenue.ie, in the FAQ of the local property tax.

Keep in mind that whichever way you choose to pay will be automatically applied for next year's payment. Also this year, the LPT is due for 6 months (June to December)


"2. What is the frequency and timing of the Direct Debit deductions?
Direct debit deductions will be taken on a monthly basis. The first direct debit deductions will commence on 15 July 2013 and will be deducted on the 15th day of each month thereafter up to 15 December 2013. "

(....)

"6. Are there any additional charge associated with this payment option?
Where a direct debit payment option is chosen, there is no additional administration or interest charge imposed by Revenue. Normal direct debit fees charged by financial institutions apply to these payments"

9. When will the money be taken from my account?
Direct debit deductions will commence on 15 July 2013 and will be deducted on the 15th day of each month thereafter.
 
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