Annual Registration is expected to commence in the first quarter of 2020. The cost will be €40 per annum. The late payment fee structure is similar in nature to the original structure of the Non-Principal Private Residence (NPPR). A penalty of €10 will be charged in respect of each month or part of a month falling after such expiration until the tenancy is registered.
In a situation where a property owner erred and missed registering a tenancy and did not notice the omission for 4 years there may be a liability as follows: –
| Annual Cost | Penalty Accumulating | Penalties | |
| Year 1 | €40 | 48 months x €10 | €480 |
| Year 2 | €40 | 36 Months X €10 | €360 |
| Year 3 | €40 | 24 months x €10 | €240 |
| Year 4 | €40 | 12 months x €10 | €120 |
| Total | €160 | €1200 |
The total cost for erring in this case is €1360