What will tax audits of the future look like?

If the Revenue comes knocking, make sure that you and your business are ready for it

Balancing the books: whether or not there are tax issues, a Revenue audit will take up taxpayers’ time, energy and resources. Picture: Getty

Given that the Revenue Commissioners have suspended certain audit activities because of the Covid-19 pandemic, you may rightly ask what such a visit might look like into the future. You should also ask whether you are ready for it.

A Revenue audit is a legitimate intrusion into a taxpayer’s business and is provided for by law. There may or may not be tax issues within that business, but that does not get around the fact ...