PAYE Revenue Audit Support

Over the last number of years the Irish Revenue have significantly increased the level of resources devoted to Revenue Audits and Investigations. This has led to major increase in the number of businesses audited each year. The risks associated with Revenue Audits are high, for example: publication as a tax defaulter. Furthermore, more and more businesses are taking an active approach to reviewing their tax affairs and recognise that they may have issues such as PAYE/PRSI, underpayments that need to be disclosed to Revenue in advance of any Revenue Audit notification in order to ensure maximum mitigation of penalties is achieved. Other non Employment taxes such as VAT or RCT may need to be included in the disclosures so a comprehensive approach is called for.

Is your business grappling with:

  • you have been selected for audit for a specific tax head/year or multi tax head audit for all years
  • Revenue have issued a letter stating that your industry is subject to a sector wide review and asked if you would like to make a voluntary disclosure within a specific timeframe
  • you have been asked to provide records (hard or soft copy) by the Revenue
  • you have identified a tax underpayment outside the self correction period
  • you are acquiring a new business and need to ensure that there are no unforeseen tax liabilities
  • you would like to be able to report to your shareholders/head office that the company have no unaccounted for tax underpayments

How we can support you:

  • manage risk and give increased certainty by undertaking effective reviews or health checks of key tax areas
  • assist with pre Revenue Audit/Disclosure reviews
  • assist you in preparing a “qualifying disclosure” which will ensure that you will receive the maximum mitigation of tax geared penalties
  • manage the Revenue audit and tax disclosure process in order to ensure the best possible outcome for you
  • advise on the publication risks

Our services assist employers in minimising risk, in spotlighting process improvements and cost control opportunities, in resolving potentially hazardous compliance issues and in protecting solid “good corporate citizen” reputations.