EXPERIENCE IS HUGELY IMPORTANT
Revenue is empowered to enter into a settlement agreement with tax-payers for less than the amount of tax that is owed. Our experience tells us how far Revenue is prepared to go in a variety of circumstances. Dealing with these issues requires fine judgement and an expert insight into the variables that lie behind the decisions. If you find yourself in circumstances where you may need to make a Revenue Settlement, you could benefit from contacting us without delay. Often the less said is soonest mended.
The Finance (Tax Appeals) Act 2015 has had a significant effect on how businesses now deal with Revenue when they are found to be in breach of their tax obligations. The Tax Appeals Commission has been set up as an independent body to deal with appeals against assessments and decisions made by revenue. Sometimes it is wise to make an appeal through the Tax Appeals Commission. Sometimes it is not. Be sure you are getting the right advice.