Revenue Investigations and Audits

Revenue audits and investigations are being conducted with increased regularity.  For business owners and managers, it is vital to get expert advice and assistance before, during and after an audit or investigation.

FGS has vast experience of advising clients how to deal with tax audits, investigations and related enquiries.

As part of the operation of self-assessment, both the Revenue Commissioners and HM Revenue and Customs have significantly increased the number of investigations and audits that they conduct.

These audits are now widespread across all taxes, including:

• Income tax
• Corporation tax
• VAT

Increased powers

In addition, the powers of the tax authorities in Ireland and the UK have expanded significantly and have become more onerous and complex. Penalties for non-compliance with the tax code also have increased substantially.

The merger in the UK of Customs and Excise and the Inland Revenue means a move towards joint inspections and enquiries, which cover all taxation aspects of a business.

Audit services

At FGS, our services include:

• Advice on Revenue audits
• Pre-audit and inspection health checks
• Liaising with the tax authorities during audits and enquiries
• Negotiating settlements where necessary

FGS offers a service that is well designed to respond efficiently to the tax authorities, in order to minimise the costs associated with a tax audit. Our service also helps to reduce disruption to your day-to-day business activities.