TaxAdministrationDramatic decrease in Irish Revenue audits

Dramatic decrease in Irish Revenue audits

Taxman getting more selective

The number of corporate audits carried out by Irish Revenue commissioners
have more than halved in recent years, due to a more targeted campaign.

Revenue commissioners conducted 14,000 audits in 2005, far fewer than the
30,000 to 35,000 of a few years ago, the Mail on Sunday reported.

The more targeted system though resulted in much greater value-for-money for
the tax office with the returns of targeted companies have yielded an average of
about €30,000 (£20,000) compared with between €5,000 (£3,300 )and €10,000
(£6,600 )on random audits.

‘We are continuing to improve the targeting and selection of taxpayers to
increase the effectiveness of audit and compliance programmes by using a new
sophisticated risk analysis system,’ said the Revenue. ‘This selection system
allows for the screening of all tax returns against sectoral and business norms
and provides a selection basis for compliance checks and audits.’

Related Articles

LITRG urges government to consider tax changes in disability work plan

Administration LITRG urges government to consider tax changes in disability work plan

1d Lucy Skoulding, Reporter
HMRC appeal rejected in Tottenham Hotspur case

Administration HMRC appeal rejected in Tottenham Hotspur case

2w Emma Smith, Managing Editor
HMRC issues updated Trusts Registration Service guidance

Administration HMRC issues updated Trusts Registration Service guidance

2w Emma Smith, Managing Editor
New trading allowance: simplicity, but not as we know it

Administration New trading allowance: simplicity, but not as we know it

2m Emma Rawson, ATT Technical Officer
‘Improve rather than lose’ disincorporation relief, tax body urges

Administration ‘Improve rather than lose’ disincorporation relief, tax body urges

3m Austin Clark, Reporter
Are you ready for the Trusts Registration Service?

Administration Are you ready for the Trusts Registration Service?

3m Helen Thornley, ATT Technical Officer
Advisers bullish despite Brexit concerns

Accounting Standards Advisers bullish despite Brexit concerns

1y Fraser Simpson, Reporter
Brexit: Five questions accountants should be asking

Accounting Firms Brexit: Five questions accountants should be asking

1y Fraser Simpson, Reporter