Tax risk over Revenue delays probing suspicious transactions

The State auditor said that of the 125,000 suspicious transaction reports (STRs) referred to Revenue over five years, 36,000 (29%) remained open by February 2021.

Delays by Revenue in investigating suspicious financial transactions may be creating a risk of less tax being recovered, the C&AG has said.

The State auditor said that of the 125,000 suspicious transaction reports (STRs) referred to Revenue over five years, 36,000 (29%) remained open by February 2021.