Consultants settle for €46.5m in tax

Revenue’s clampdown on medical consultants’ tax affairs has so far yielded €46.5m in settlements.

In total, 752 “compliance interventions” have been opened on medical consultants and their controlled companies with approximately half of the interventions completed.

Some of the issues examined by the Revenue Commissioners include excessive or incorrect tax deductions; consultants claiming personal expenses against professional income, and consultants having inadequate or no documentation in support of expenses.