Property tax to be deducted from wages - report

The new property tax is to be deducted directly from the wages of PAYE employees, according to reports this morning's Sunday Business Post.

It is understood Revenue Commissioners will have the power to take the money directly from source, while self-employed workers will be required to declare the tax in their annual assessment.

The move is designed to ensure a much higher level of collection of the controversial €100 household charge, which 42% of homeowners have yet to pay.

It is expected a new property tax will come into effect next year.