audits in 2010 totalled 11,008, resulting in a yield of €434.7m. A total of
454,796 assurance checks, a less intrusive form of intervention, produced a
yield of €58m - - that totalled almost €500m.
Revenue Commissioners chairman at the launch of the
Annual Report 2010, said total outstanding tax debt actually fell by
1.6% to €2.08bn but still remains high and the debt available for
collection fell by almost 3.8% to €1.39bn.
As of end March over 15,000 cases
covering debts of about €160m are being supported by instalment
arrangements or other specific arrangements designed to deal with cash flow
Fehilly said the Risk Analysis system (REAP) has multiple data sources including
information from deposit accounts, credit union accounts and Suspicious
Transaction Reports. In 2010 the Revenue added Taxi Regulator data, Private Residential
Tenancies Board data and data relating to the second home tax. Data, and the
analysis of data is a key part of our strategy. "We have enhanced our e-audit
capability and all auditors are now equipped with software and training to
enable them to do an e-audit on a business’s transactions and records," she
The chairman said the base of Double Tax Treaties and Information Exchange
Agreements has grown significantly. "To give you a practical example of their
value, can I tell you that during 2010, we made a request for information from a
Treaty partner which provided us with details of accounts held in a bank in
Switzerland by people with Irish addresses. While some had already made a
disclosure to Revenue under the 2004 voluntary disclosure scheme, a small number
of individuals have been identified with questions to answer. This investigation
is in its early stages and has yielded €2m to date," she said.
the audit and compliance programmes are the results of very specific focus on “cash” businesses.
The chairman said these businesses
can exist right across the economy wherever there is an opportunity to
under-report turnover or profit. For example:
Construction: 2,226 audits yielded €61.2m.
Trade: 235 audits yielded €10.4m
Hospitality - Pubs, Entertainment Venues, Nightclubs: 295
audits yielded €7.2m
Professionals – Doctors, Dentists, Vets, Solicitors: 328
audits yielded €9.4m
and Fast Food: 248 audits yielded €10.6m
Revenue/Department of Social Protection Joint Investigation Units made nearly
5,800 checks, visits or inspections in 2010.