The VAT Practice,
The White House, Cloncorban, Rossmore, Clonakilty,
Co. Cork
Principal: Nicholas Ryan
Tel: +353 (0)23 8838181
Mob: +353 (0)83 3340324
Fax: +353 (0)23 8838181
Email : info@thevatpractice.ie
Welcome to the VAT Practice blog. Our aim is for our blog to provide you with access to: Hot topics – which features regularly updated information, ideas and comment from The VAT Practice on Irish and international VAT issues. Talk to us – businesses can provide comment on our articles in Hot Topics and enter […]
Is this the end of the Revenue Audit as we know it? The new Aspect Review audits can lead to more pain for businesses in both cost, penalties and time when they least need it.
With the tax take continuing to plummet it is no surprise to hear that the Revenue have begun to flex their muscles in seeking additional tax revenues. A speaker at a recent seminar in Cork suggested it would be likely, following the 2009 tax deficit, that Revenue audits will be on the increase in 2010. I, for one, am surprised at the lack of activity from Revenue in policing the taxes as, from experience in the UK, in times of economic slump UK Revenue were quick to sound the rallying call to arms for Revenue officers to seek out and find additional tax revenue through audit and investigation. Here in Ireland the opposite appears to have occurred with Revenue becoming a sleeping giant, doors locked, telephones switched to voice mail and a paucity of response to general queries.
With effect from 1 January 2010, the majority of measures adopted by the ECOFIN Council in respect of the place of supply rules for services encompassing the additional compliance and reporting obligations to be applied by their introduction and the new procedures to be implemented for the making of 8th Directive refund claims will be […]
Without reminding you of the current difficult times all businesses are now experiencing, Revenue audits can still provide for a stressful and traumatic experience if not managed with the due care and attention required. With the tax yields falling there is greater pressure on Revenue to collect, collect, collect. Associated with this. cost containment, and […]