Revenue audits on the increase

REVENUE audits are on the increase as it bids to offset the sharp fall in the Government’s tax haul.

This is according to business adviser with Westboro Partners Michael Magee who said the bigger the fall in Revenue’s tax intake, the more active they are likely to become.

“Companies and business will come under the spotlight with Revenue carrying out desk audits, which can lead to full audits and trawling through business records to increase the tax haul in the months and years ahead,” he said.