Government may net another €4m in interest on unpaid property tax

The Government could net a further €4m in interest from over 250,000 properties which have not paid the 2012 household charge.

Revenue expects to begin an enforcement campaign against those who have not paid the €200 charge within the next few weeks, according to Finance Minister Michael Noonan.

As part of that, an interest on the late payment is likely to come into effect. The rate of interest has been set at 0.0219% per day and will be backdated to the date the tax was due which, in the case of the household charge is July 1. That equates to about 8% per annum, meaning those who have not paid the €200 charge by July 1 will each owe an additional €16.