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

Background

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

CTS were requested to examine if the assessments were accurate.

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.

Outcome

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

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