Revenue targets failure to report credit card sales

The Revenue Commissioners are to trawl through credit card transactions for the past three years as they crack down on the under-reporting of payments by retailers.

6th October, 2012

The Revenue Commissioners are to trawl through credit card transactions for the past three years as they crack down on the under-reporting of credit card payments by retailers.

The government has agreed to backdate legislation forcing credit card companies such as Visa and Mastercard to automatically report payments made to retailers. The Revenue will now be able to access the data from the start of 2010, allowing it to investigate whether businesses are under-reporting sales...

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