Revenue Audits
Be prepared and protect your business during a Revenue Audit
What Is a Revenue Audit?
A Revenue Audit is when the Irish Revenue Commissioners review your tax affairs to ensure compliance. It typically involves examining your accounts, tax returns, and records to check if you’ve declared all income and paid the correct amount of tax.
Audits can cover Income Tax, Corporation Tax, VAT, PAYE, RCT, and more.
Who Can Be Audited?
Any business or individual taxpayer can be selected for audit, regardless of size or industry. Common reasons include:
- Random selection by Revenue
- Specific risk indicators in returns
- Industry-focused compliance checks
What’s Included in Our Service?
- Pre-audit review of your accounts and tax returns
- Identification of potential risks before Revenue does
- Representation and support throughout the audit
- Negotiation with Revenue where issues arise
- Assistance in minimising penalties and interest
- Guidance on post-audit compliance to avoid repeat issues
Why It Matters
- Avoid Penalties: Errors found during audits can lead to penalties and interest.
- Peace of Mind: Have a Chartered Accountant on your side throughout the process.
- Save Time: We deal with Revenue so you can focus on running your business.
Frequently Asked Questions
Why was I selected for a Revenue Audit?
Revenue may choose businesses randomly or based on certain risk indicators in returns.
What happens if Revenue finds errors?
You may have to pay additional tax, plus penalties and interest. Proper representation can reduce these costs.
Can you deal directly with Revenue on my behalf?
Yes,we can liaise with Revenue throughout the process, from start to finish.
Next Step
Don’t face a Revenue Audit alone, let us guide and represent you every step of the way.
