July marks official kick-off month for property tax payments

09 July 2013

Payzone, Ireland’s largest consumer payments network has today shared figures, compiled by the Revenue Commissioners, that reveal that 7% of property owners have chosen cash/retail payments as their preferred method of payment when filing their Local Property Tax (LPT) Return Form.  

As one of the approved Payment Service Providers, Payzone is reminding those who have selected cash payments as their preferred method of payment, to notify them that they now have the month of July to commence payments at any one of its network of 2,000 Payzone branded retail outlets, located throughout the county.  Cash payments can be made in a single payment or on a weekly or monthly basis, with the added flexibility to vary payments if required.  The service is particularly geared to help taxpayers budget more effectively by making smaller payments over more frequent periods throughout the year.

Jim Deignan, managing director at Payzone commented: “We are delighted to be supporting the Revenue Commissioners as one of the channels for the collection of the new Local Property Tax.  For those who have selected the cash/retail payments option for the payment of the Local Property Tax, we believe that the Payzone network, with over 2,000 retail points nationwide and extended opening hours into the evening and over weekends, is ideally suited to consumers looking for an easy, convenient and cost effective option to suit all budgets.”

He continued: “Cash/retail payments for the Local Property Tax now fall due for payment in July, so we would encourage all eligible taxpayers to drop into their local Payzone outlet, before the end of the month, to commence their payments.  As part of our support for the awareness campaign, Payzone will be installing a range of Point of Sale materials to inform their customers and to ensure the payment process is easy and hassle-free.”      

Payzone has set out a simple three step process for users to follow in order to complete the transaction:
STEP 1
Detach and retain payslip at the bottom of the LPT1 Return Form.  This payslip contains bar-coded information used to process the payment, together with the household’s Property ID.  Payzone can use either of these or the person’s unique PPS number (PPSN) to identify their LPT payment.

STEP 2
Present this payslip (or your PPSN) to any Payzone Agency nationwide each time you make a payment.

STEP 3
The Payzone Agent will provide the taxpayer with a receipt for retention that includes payment amount and the unique Property ID.      

A basic transaction charge will be applied to each LPT transaction, based on a tiered pricing structure as follows:

Transaction Value    Transaction Charge
Up to €50.00    €0.75
€50.01 to €100.00    €1.00
Over €100.01    €2.00





Consumers can find their nearest Payzone outlet by logging on to www.Payzone.ie.

         

Media queries:
Frans Van Cauwelaert, Wilson Hartnell, Tel: 01 669 0030 /087 9476743
frans.vancauwelaert@ogilvy.com




About Payzone:
Payzone is Ireland’s largest branded consumer payments acceptance network. The company also operates across Europe providing a wide range of payments services in the UK, Sweden, Greece, Germany and Romania. Payzone implements and operates payment networks including mobile top-ups, tolling payments, credit and debit card processing, bill payment, pre-paid debit cards and electronic gift solutions.  Payzone processes over 380 million transactions annually.

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