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CTS

Revenue Audits

Audit and Investigation

A Revenue Audit or Investigation can be a daunting prospect. CTS provides skilful and robust representation based on widespread experience of complex investigations and an in-depth knowledge of Irish taxation law and practices.

CTS IN ACTION - Case Study

01

Background

Revenue had raised significant CAT assessment/liability in relation to a large estate.

CTS were requested to examine if the assessments were accurate.

02

CTS Actions

  • Initial meeting with client and examination of all background facts and documentation.
  • Engaged with solicitors in relation to CAT returns and negotiations to date with Revenue.
  • Researched the valuation date of the estate and assessed the availability of tax reliefs.
  • CTS concluded that reliefs were under-claimed and tax over-assessed following detailed review of the file.
  • Successfully amended CAT assessments and negotiated with Revenue allowing for relief claims.

03

Outcome

Revenue agreed with our computation and, as a result, CAT liabilities were substantially reduced for the beneficiaries.

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