Dramatic decrease in Irish Revenue audits
Taxman getting more selective
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.’
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