Companies face massive bill for Vat-avoidance

Companies could be forced to hand over hundreds of millions of euro in tax, following a wide-ranging investigation into Vat-avoidance schemes.

Ian Kehoe - avatar

Ian Kehoe

16th December, 2006

Companies could be forced to hand over hundreds of millions of euro in tax, following a wide-ranging investigation into Vat-avoidance schemes.

The Revenue Commissioners is challenging up to 100 cases where it believes an Irish company or individual has benefited from using an unauthorised scheme to avoid paying Vat.

As part of the investigation, the tax authority has highlighted 13 Vat avoidance schemes which it believes are not complying with Irish tax law. Those schemes are...

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