An annual debit instruction is essentially a direct debit payment that is taken from a customer’s bank account once a year (Stock picture)REVENUE has again deferred the collection date for property tax for those paying by annual debit instruction payment. It was due on May 21, after the tax authority had extended the payment date from March. An annual debit instruction is essentially a direct debit payment that is taken from a customer’s bank account once a year. “Property owners who have opted to make a payment by ADI [annual debit instruction] do not need to advise Revenue or take any action,” a statement from the Revenue Commissioners said. The move is designed to ease cash flow pressure on property owners amid the coronavirus outbreak.

Source: Irish Independent May 13, 2020 14:48 UTC