Revenue Commissioners | Business Post

Investors spend €180m bulk-buying homes despite higher stamp duty levy

Increased taxes were introduced in an effort to discourage funds from bulk-purchasing properties in housing estates

Revenue to ask councils to identify empty homes liable for tax

The tax authority will no longer confine its database to self-declared vacant homeowners

Deliveroo workers face higher taxes as part of Revenue gig economy crackdown

Full-time gig economy staff should be classed as employees, says government agency

Vacant home numbers fall by 7 per cent last year to less than 85,000

The average vacancy rate across Ireland has dropped to 4 per cent as the number of vacant homes fell to its lowest level in more than five years

Emergency measure extended to ensure companies are not wound up over €10,000 debts

The move comes as thousands of businesses struggle with issues such as supply backlogs and surging energy costs

Revenue may call in sheriffs to collect up to €500m of business debt

End of Covid-19 tax warehousing scheme has raised fears over viability of many firms

Ian Guider: Revenue must reconsider hitting SMEs with heavy tax bills

It would be a shame if the Revenue Commissioners’ lack of support scuppered one of the government’s best measures to help small firms survive the ongoing turmoil

Climate & Environment

Dunnes Stores yet to pay €36.5m after plastic bag levy court ruling

The sum is to be collected by the Revenue for the Environment Fund, which is running short following a drop in plastic bag use and landfill dumping

Big earners want to strike deals with taxman after settlement

A dozen or more high net worth individuals are hoping for a favourable deal with the Revenue Commissioner after a businessman allegedly agreed to settle for a fraction of his tax liability

Kerry farmers battle Revenue over Co-op shares €20m tax bill

The High Court row is over a tariff on patronage shares received by 3,500 farmers

Up to 350,000 households face penalty for not submitting property tax valuation

The Revenue Commissioners have encountered a higher-than-expected level of non-compliance with the requirement in recent months

Tom Maguire: Territorial gains to be won from tweaks to foreign income tax

The laws on taxing foreign income are complex and any moves to change and simplify the system will be welcomed by businesses, investors and the tax authorities

Updated audit code takes radical new approach to compliance interventions

New and improved code of practice represents most significant change to Revenue’s approach to compliance interventions in years, says Deloitte

More than €50 million in wage subsidies recouped through inspections

The Revenue enforcement measures returned €31.5 million in Temporary Wage Subsidy Scheme and €19.2 million in Employment Wage Subsidy Scheme to the state

€348 million in Covid-19 business supports repaid to Revenue

The government announced the resumption and reopening of supports for businesses in December

Taxing times: How a rise in suspicious transaction reports is helping Revenue know where to look

With reports of suspicious transactions and cigarette smuggling on the rise, and a surge in customs declarations due to the rise of online retail, Niall Cody and the Revenue Commissioners have their work cut out for the coming year as they plan to ‘enhance capability’

Developers who undervalue vacant land face 30% penalty under new Revenue plan

The move will mean the vacant site tax bill on land worth €10 million would rise from €300,000 to €390,000 if the value of it was found to have been severely underestimated.

Revenue asks owners of self-built homes to volunteer property tax

The owners of these 31,000 recently built houses are not traceable through stamp duty records

Revenue initiates legal action against property company Iput

Case concerns dispute between tax authority and Iput over latter’s entitlement to recover Vat

Tax authorities gradually making online currencies a little less cryptic

Britain has recently offered guidance, but our Revenue is already on the record for having previously said the existing tax code can handle cryptoasset transactions