The taxman cometh: how to survive a Revenue audit
Being tax compliant is sound business practice, but mistakes do happen. Here’s how to be prepared
Last year, Revenue collected more than €300 million from 6,500 Revenue audits, and another €300 million from other Revenue checks. That sounds like a lot, but it’s just over 1 per cent of all taxes collected.
There are 450,000 or so self-employed or self-assessed individuals who have to make returns of income every year to Revenue. Tens of thousands of companies have to make returns as well.
All of these tax returns are screened and checked. If Revenue sees...
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