{"id":12927,"date":"2022-08-12T21:28:16","date_gmt":"2022-08-12T21:28:16","guid":{"rendered":"http:\/\/legalblog.ie\/?p=12927"},"modified":"2024-02-13T19:44:19","modified_gmt":"2024-02-13T19:44:19","slug":"revenue-audits-ii","status":"publish","type":"post","link":"https:\/\/legalblog.ie\/revenue-audits-ii\/","title":{"rendered":"Revenue Audits II"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_63 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title \" >Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/legalblog.ie\/revenue-audits-ii\/#Settlements\" title=\"Settlements\">Settlements<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/legalblog.ie\/revenue-audits-ii\/#Interest_Charges\" title=\"Interest &amp; Charges\">Interest &amp; Charges<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/legalblog.ie\/revenue-audits-ii\/#Penalties\" title=\"Penalties\">Penalties<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/legalblog.ie\/revenue-audits-ii\/#Gradation_of_Penalties\" title=\"Gradation of Penalties\">Gradation of Penalties<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/legalblog.ie\/revenue-audits-ii\/#Post-2008_Regime\" title=\"Post-2008 Regime\">Post-2008 Regime<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/legalblog.ie\/revenue-audits-ii\/#Payment\" title=\"Payment\">Payment<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/legalblog.ie\/revenue-audits-ii\/#Review\" title=\"Review\">Review<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/legalblog.ie\/revenue-audits-ii\/#Publication\" title=\"Publication\">Publication<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/legalblog.ie\/revenue-audits-ii\/#Prosecutions\" title=\"Prosecutions\">Prosecutions<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/legalblog.ie\/revenue-audits-ii\/#2016_Changes_Disclosures\" title=\"2016 Changes Disclosures\">2016 Changes Disclosures<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-11\" href=\"https:\/\/legalblog.ie\/revenue-audits-ii\/#2021_Penalty_Regime\" title=\"2021 Penalty Regime\">2021 Penalty Regime<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-12\" href=\"https:\/\/legalblog.ie\/revenue-audits-ii\/#Publication_2021_Act\" title=\"Publication 2021 Act\">Publication 2021 Act<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-13\" href=\"https:\/\/legalblog.ie\/revenue-audits-ii\/#Disclosure_2022_Act\" title=\"Disclosure 2022 Act\">Disclosure 2022 Act<\/a><\/li><\/ul><\/nav><\/div>\n<h3><span class=\"ez-toc-section\" id=\"Settlements\"><\/span>Settlements<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>Revenue may make monetary settlements pursuant to an audit. The basis of settlement depends on the tax liability, interest and penalties. Mitigating circumstances may apply in accordance with criteria set out in other sections.<\/p>\n<p>The auditor may invite the taxpayer to make an offer on payment of liabilities which the audit finds to have been undercharged.\u00a0 Settlement offers are subject to approval at the senior level in Revenue.\u00a0 The auditor makes a report with his recommendation for acceptance or rejection.<\/p>\n<p>After interviews and discussions have concluded between the auditor and the taxpayer or his agent, there will be a final meeting at which the audit findings are set out.\u00a0 If a monetary settlement is proposed, the settlement offer must be made in writing. \u00a0The taxpayer is obliged to set out details of the rectification of any non-compliant matters identified in the audit.<\/p>\n<p>If the offer is accepted, a letter is issued accordingly.\u00a0 If an agreement is not reached, a letter will be set out rejecting it and summarising the adjustments and taxes due on foot of the matters concerned.<\/p>\n<p>The taxpayer is asked to agree on the figures or explain why he does not do so. If the matter is not agreed upon, Revenue will issue appropriate assessments and\/or amend assessments in respect of the relevant taxes.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Interest_Charges\"><\/span>Interest &amp; Charges<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>If the matter is not appealed, the tax liability becomes due and owing. It may be made the subject of enforcement.<\/p>\n<p>If the tax liability is agreed, but penalties have not been agreed, a notice of opinion is issued in respect of penalties. Interest may arise where there has been an under-declaration and under-charge to tax.\u00a0 Interest is not mitigated.\u00a0 Interest is charged on the underpayment from the date on which the tax fell due to the date for payment.<\/p>\n<p>Interest arises at a set rate per day fixed by law.\u00a0 The rates are higher for so-called fiduciary taxes, which are collected on behalf of third by way of deduction in payment of the third party liability.<\/p>\n<p>Where tax has not been properly declared, a surcharge will arise in accordance with the Taxes Act. A surcharge applies in the case of an incorrect return, which has been fraudulently or negligently made.\u00a0 There is deemed to be late filing.\u00a0 The surcharge is in addition to interest and penalties. The surcharge is 5% if the return is up to two months late and 10% thereafter. This is subject in each case, to statutory maximum amounts.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Penalties\"><\/span>Penalties<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>Civil penalties arise in relation to a range of negligent and fraudulent returns. \u00a0These include non-compliance, such as undisclosed income, sales, understated assets and valuations, overstated liabilities, failure to comply with basic VAT and PAYE obligations, improper claims, and failure to disclose material facts and circumstances.\u00a0 See the other sections in relation to the civil penalties which Revenue may impose.<\/p>\n<p>Penalties are in addition to the tax concerned, interest and surcharge.\u00a0 Where penalties are not agreed upon by the taxpayer or settled, then the matter may proceed to court.\u00a0 The court\u2019s jurisdiction to apply penalties is subject to the general jurisdiction for civil claims in the relevant court.<\/p>\n<p>Where the penalty is to be pursued and is not agreed upon, a notice of opinion is given to the taxpayer.\u00a0 The notice of opinion gives details of the penalty, the circumstances in which it arises, amounts and other details that the auditor considers.<\/p>\n<p>The auditor may amend an opinion and give notice to the taxpayer.\u00a0 Account will be taken of whether a qualifying disclosure and\/or co-operation has been made\/forthcoming.<\/p>\n<p>If there is no agreement within 30 days, the auditor may make an application to the court to determine whether there has been a contravention giving rise to the penalty.\u00a0 The court determines the penalty on the basis of evidence before it.\u00a0 The court may also make an order for the recovery of the penalty without prejudice to any other method of recovery. It may be enforced in the same way as court orders generally.<\/p>\n<p>There is no time limit for imposition of penalties, other than in cases of deceased taxpayers.\u00a0 Legal proceedings for penalties cannot be taken against the estate for pre-death liabilities unless the penalties were agreed or determined by a court before death.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Gradation_of_Penalties\"><\/span>Gradation of Penalties<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>The level of civil penalties is generally geared with reference to whether the actions are deliberate or careless.\u00a0 Deliberate actions will generally be intentional. They may be failures to keep records and accounts, failures to make returns or omissions, providing false statements and wrongly claiming refunds.<\/p>\n<p>Careless action implies a lack of care in making the relevant returns, claims, etc. Careless is equivalent to negligence or the failure to take reasonable care.\u00a0 Where a taxpayer of ordinary skill and knowledge, properly advised, would have foreseen the reasonable possibility or likelihood that there is an underpayment in the circumstances, the behaviour may be deemed careless.<\/p>\n<p>The consequences are relevant to the amount of penalty.\u00a0 \u201cSignificant consequences\u201d are not defined but are generally understood to refer to underpayments of more than 15% of the relevant tax.<\/p>\n<p>The level of tax-related penalty is graded with reference to whether there is deliberate behaviour, careless behaviour with significant consequences or careless behaviour without significant consequences. The cooperation that follows is also relevant.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Post-2008_Regime\"><\/span>Post-2008 Regime<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>The penalties regime was reformed in December 2008.\u00a0 Pre-2009 failures of compliance were subject to graduated scales, depending on whether there was deliberate default, gross carelessness or insufficient care.\u00a0 The level of penalty depended on whether there was a qualifying, prompted or unprompted disclosure.<\/p>\n<p>Since 2008, the graduated scale of penalties depends on whether there is a prompted qualifying disclosure or an unprompted qualifying disclosure with cooperation. Revenue may mitigate penalties to an appropriate level. A settlement will typically involve a mitigation of penalties.<\/p>\n<p>The graduated penalty is also dependent on whether there is a previous or subsequent qualifying disclosure. \u00a0In the case of tax defaults after 24th December 2008, a 100% penalty applies to third and subsequent qualifying disclosure with deliberate behaviour.<\/p>\n<p>A second qualifying disclosure is subject to a 75% penalty. A first qualifying disclosure is subject to a 50% penalty level in the case of deliberate behaviour. Where there is an unprompted qualifying disclosure with cooperation, the above figures are mitigated respectively to 100%, 55% and 10%.<\/p>\n<p>In the case of careless behaviour with significant consequences, a 40% penalty applies to the third and subsequent disclosure, 30% to the second qualifying disclosure and 20% to the first qualifying disclosure. Where the disclosure is unprompted and is followed with cooperation, the percentage mitigation for the third qualifying disclosure was 40%, 20% for the second disclosure and 5% for the first disclosure.<\/p>\n<p>In the case of all qualifying disclosures, careless behaviour without significant consequences is 10%, with qualifying disclosure and 3% for unprompted qualifying disclosure.<\/p>\n<p>Where there is no qualifying disclosure and no cooperation, a 100% penalty applies to deliberate behaviour, 40% for careless behaviour with significant consequences and 20% for careless behaviour without significant consequences.<\/p>\n<p>Where there is cooperation only, 75% penalty applies to deliberate behaviour, 30% for careless behaviour with significant consequences and 15% in respect of careless behaviour without significant consequences.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Payment\"><\/span>Payment<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>Revenue may issue a phased payment arrangement to a taxpayer who has limited access to funds but has assets or employment\u00a0 that may generate an income.\u00a0 Account is taken of the accounts, cash flows, bank statements, debtor and creditor profile.<\/p>\n<p>Where instalment arrangements are entered, the taxpayer must comply with the terms of the settlement\u2019s obligations. Current taxes must be kept up-to-date.<\/p>\n<p>If a taxpayer claims inability to pay, evidence is required, Appropriate documentary or other sufficient must be produced.\u00a0 A statement of affairs, accounts, list of assets, details of income and expenditure, outgoings, etc., are required.\u00a0 \u00a0Revenue may reserve the right to prosecute where full payment is not made.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Review\"><\/span>Review<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>Revenue undertakes a quality assurance program in order to ensure quality and standards in respect of audits.\u00a0 The taxpayer may request a review or may undertake a statutory appeal.\u00a0 A review may be requested in relation to the conduct of the audit.<\/p>\n<p>It may include proposals for adjustments, calculations of liability, reliefs and penalties.\u00a0 It may consider whether the penalties proposed to be charged in the settlement are consistent with Revenue criteria regarding penalties.<\/p>\n<p>A review may be requested within 30 days of the issue of notice of opinion. \u00a0It must be made in writing.\u00a0 Where it is not reviewed locally, a review, either by a local officer or jointly with an external reviewer, may be undertaken.\u00a0 The review considers whether the auditor has adequately taken into account the taxpayers\u2019 arguments and claims and whether the conclusions drawn are reasonable.\u00a0 The review is separate from the statutory right to appeal to the Appeal Commissioners.<\/p>\n<p>The taxpayer may appeal against the auditor&#8217;s findings and assessment.\u00a0 Statutory interest is charged when the tax is determined and may not be appealed.\u00a0 Tax geared penalties will be quantified when tax is determined. A taxpayer may appeal following a review, provided it is lodged within the statutory time limit.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Publication\"><\/span>Publication<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>Revenue is obliged to publish a statutory list, four times a year, of names, details and occupations of taxpayers who have been fined, subject to other penalties or where Revenue has agreed to refrain from initiating proceedings and have accepted a sum in settlement for payment of tax, interest and penalties.<\/p>\n<p>Revenue must publish the list of settlements within three months of the end of each quarter in the official State Journal.\u00a0 Revenue is given the discretion to publicise or reproduce the list in such a manner as it sees fit.\u00a0 It has the discretion to specify in the list such particulars of the settlement as it thinks fit.<\/p>\n<p>When a qualifying disclosure has been accepted, details of the settlement are not published in the list of defaulting taxpayers.\u00a0 A qualifying disclosure as defined, is required after 2008 to avoid publication.<\/p>\n<p>There are certain exclusions on publication.<\/p>\n<ul>\n<li>where a qualifying disclosure is accepted:<\/li>\n<li>Under the Tax Amnesty (1993)<\/li>\n<li>where the penalty does not exceed 15% of the tax due<\/li>\n<li>where the specified sum does not exceed \u20ac30,000 in total.<\/li>\n<\/ul>\n<p>Particulars of the penalty, interest and tax are published.\u00a0 Unconnected overpayments are not deducted.\u00a0 The amount to be published excludes tax included in the settlement, in relation to which the penalty in relation to the tax does not exceed 15%.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Prosecutions\"><\/span>Prosecutions<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>See the separate sections in relation to Revenue prosecutions.\u00a0 Revenue runs a prosecution program and may transfer cases from audit to prosecution in appropriate circumstances.\u00a0 They may investigate with a view to prosecution having regard to a number of actors, including<\/p>\n<ul>\n<li>whether there is strong admissible evidence available, such as to reach the criminal standard;<\/li>\n<li>the length of time since the offence occurred;<\/li>\n<li>the prospective length and expense of a trial;<\/li>\n<li>the degree of culpability, responsibility and experience of the person concerned;<\/li>\n<li>the need for deterrence in particular and in general;<\/li>\n<li>whether the alleged offenders made a full disclosure and cooperated in reaching a settlement.<\/li>\n<\/ul>\n<h3><span class=\"ez-toc-section\" id=\"2016_Changes_Disclosures\"><\/span>2016 Changes Disclosures<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>Finance Act 2016 amended the provisions in relation to qualifying disclosures. A disclosure is not deemed to qualify disclosure for the purpose of mitigation of penalties where it relates to offshore matters, or the disclosure is not made, but the person has a liability resulting from an offshore tax matter that was known or became known to Revenue at any time.<\/p>\n<p>The disclosure may still qualify the second case (Revenue being aware) if the penalty is less than 15 per cent of the tax due and the behaviour was careless but not deliberate.<\/p>\n<p>Offshore matters are incomes, gains, assets and accounts arising or situate outside the State. There is a de minimis provision which is intended to apply in respect of liability up to \u20ac6,000 euro.<\/p>\n<p>The provisions for the publication of tax defaulters were amended by the Finance Act 2016.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"2021_Penalty_Regime\"><\/span>2021 Penalty Regime<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>Finance Act 2021\u00a0 \u00a0provides for the cessation of the former penalty regime in the Taxes Consolidation Act 1997.<\/p>\n<p>Finance Act 2021\u00a0 inserts a new section 1077F into Chapter 3B, Part 47 of the Taxes Consolidation Act 1997 (TCA). Section 1077F replaces section 1077E TCA which deals with penalties for deliberately or carelessly submitting incorrect returns or failing to file returns. For the most part, section 1077F reproduces provisions previously contained in section 1077E TCA but these provisions have been reordered to simplify the calculation of the appropriate tax-geared penalty and the application of the disclosure regime. However, section 1077F TCA contains the following notable changes:<\/p>\n<p>it provides a legislative basis for not charging a penalty for technical adjustments, innocent errors and cases where total tax defaults are below \u20ac6,000 and are careless rather than deliberate (currently done on an administrative basis under the Code of Practice for Revenue Audit and other Compliance Interventions);<\/p>\n<ul>\n<li>it amends the calculation of a tax-geared penalty where no return has been filed &#8211; the calculation will be based on the tax paid before the notification of a Revenue inquiry or investigation rather than before the commencement of a Revenue inquiry or investigation; and<\/li>\n<li>it removes the prohibition on the reduction of penalties in \u201coffshore\u201d cases.<\/li>\n<\/ul>\n<p>The section also provides for related changes to the penalty provisions of the Value-Added Tax Consolidation Act 2010, the Stamp Duties Consolidation Act 1999 and the Capital Acquisitions Tax Consolidation Act 2003. Consequential amendments to those Acts and Finance Act 2001 are provided for in the Schedule to this Bill.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Publication_2021_Act\"><\/span>Publication 2021 Act<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>Finance Act 2021\u00a0 provides for the ending of the current publication regime after the period ending on 31 December 2021.<\/p>\n<p>Finance Act 2021 inserts a new section 1086A into the Taxes Consolidation Act 1997 (TCA), which replaces section 1086 TCA and deals with the publication of the names of tax defaulters.<\/p>\n<p>This section makes a number of amendments to the criteria for publication as well as to the details to be published. The amendments clarify when and how much of a settlement is publishable and include the following:<\/p>\n<ul>\n<li>Settlements will be publishable in cases where refunds have been incorrectly claimed,<\/li>\n<li>A settlement will not be published when the tax underpayment or refund incorrectly claimed is less than \u20ac50,000 &#8211; currently, any settlement is publishable where the combined tax, interest and penalty exceeds \u20ac35,000;<\/li>\n<li>Surcharges will be publishable, where applicable;<\/li>\n<li>A settlement need only contain tax and a penalty to be publishable (currently, it must feature tax, interest and a penalty), but where the settlement is publishable, the tax, interest, surcharge and penalty will be published;<\/li>\n<li>The details in relation to a tax defaulters name have been expanded to ensure a defaulter cannot avoid recognition by using an alternate name;<\/li>\n<li>Any fixed penalty related to the tax liabilities identified will be published;<\/li>\n<li>Any part of a settlement that does not attract a penalty will not be published.<\/li>\n<\/ul>\n<p>Finance Act 2022 <em>\u00a0<\/em>provides for the cessation of the penalty regime in section 99B of the Finance Act 2001, which deals with penalties for deliberately or carelessly submitting incorrect returns or failing to file returns.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Disclosure_2022_Act\"><\/span>Disclosure 2022 Act<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>Finance Act 2022 <em>\u00a0<\/em>replaces section 99B with effect from the date of the passing of Finance Act 2022. It deals with the calculation of tax-geared penalties in excise cases.<\/p>\n<p>It reproduces provisions previously contained in section 99B but these provisions have been reordered to simplify the calculation of the appropriate tax-geared penalty and the application of the disclosure regime contains the following notable changes:<\/p>\n<ul>\n<li>it provides a legislative basis for not charging a penalty for technical adjustments, innocent errors and cases where total tax defaults do not exceed \u20ac6,000 and are careless rather than deliberate (currently provided for on an administrative basis under the Code of Practice for Revenue Audit and other Compliance Interventions); and<\/li>\n<li>Finance Act 2022 \u00a0amends the calculation of a tax-geared penalty where no return has been filed &#8211; the calculation is based on the tax paid before the notification of a Revenue inquiry or investigation rather than before the commencement of a Revenue inquiry or investigation.<\/li>\n<\/ul>\n<p>The definition of \u201cqualifying disclosure\u201d is amended to include a qualifying disclosure of excise duty defaults;\u00a0A person will not be liable to a penalty where the aggregate amount of their tax and duty defaults does not exceed \u20ac6,000 and the default is categorised as careless in nature, is amended to include excise duty defaults in the calculation of that limit.<\/p>\n<p>Finance Act 2022 <em>\u00a0<\/em>amends the definition of \u201cqualifying disclosure\u201d to include a qualifying disclosure of excise duty defaults. That section deals with the publication of the list of tax defaulters.<\/p>\n<p>Finance Act 2022 <em>\u00a0<\/em><em>amends <\/em>\u00a0The definition of \u201cqualifying disclosure\u201d to include a qualifying disclosure of excise duty defaults; A person will not be liable to a penalty where the aggregate amount of their tax and duty defaults does not exceed \u20ac6,000 and the default is categorised as careless in nature, is amended to include excise duty defaults in the calculation of that \u20ac6,000 limit.<\/p>\n<p>Finance Act 2022 <em>\u00a0m<\/em>akes two amendments to section 134A of the Stamp Duties Consolidation Act 1999, which deals with penalties for filing incorrect returns or failing to file returns.<\/p>\n<p>Finance Act 2022 <em>\u00a0<\/em>includes a qualifying disclosure of excise duty defaults, whereby provides that a person will not be liable to a penalty where the aggregate amount of their tax and duty defaults does not exceed \u20ac6,000 and the default is categorised as careless in nature, is amended to include excise duty defaults in the calculation of that limit.<\/p>\n<p>A Revenue Officer may make or amend an assessment at any time to give effect to bilateral Mutual Agreement Procedures (MAP) reached between the Revenue Commissioners and a competent authority of another jurisdiction with which Ireland has a Double Taxation Agreement. A Revenue officer may make or amend an assessment to give effect to a MAP notwithstanding any time limits in the TCA 1997 on taxpayers making claims for loss relief, group relief or similar reliefs, thereby allowing such reliefs in MAP cases outside of those time limits.<\/p>\n<!--themify_builder_content-->\n<div id=\"themify_builder_content-12927\" data-postid=\"12927\" class=\"themify_builder_content themify_builder_content-12927 themify_builder tf_clear\">\n    <\/div>\n<!--\/themify_builder_content-->\n","protected":false},"excerpt":{"rendered":"<p>Settlements Revenue may make monetary settlements pursuant to an audit. The basis of settlement depends on the tax liability, interest and penalties. Mitigating circumstances may apply in accordance with criteria set out in other sections. The auditor may invite the taxpayer to make an offer on payment of liabilities which the audit finds to have [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_exactmetrics_skip_tracking":false,"_exactmetrics_sitenote_active":false,"_exactmetrics_sitenote_note":"","_exactmetrics_sitenote_category":0,"footnotes":""},"categories":[113],"tags":[],"_links":{"self":[{"href":"https:\/\/legalblog.ie\/wp-json\/wp\/v2\/posts\/12927"}],"collection":[{"href":"https:\/\/legalblog.ie\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/legalblog.ie\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/legalblog.ie\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/legalblog.ie\/wp-json\/wp\/v2\/comments?post=12927"}],"version-history":[{"count":10,"href":"https:\/\/legalblog.ie\/wp-json\/wp\/v2\/posts\/12927\/revisions"}],"predecessor-version":[{"id":31775,"href":"https:\/\/legalblog.ie\/wp-json\/wp\/v2\/posts\/12927\/revisions\/31775"}],"wp:attachment":[{"href":"https:\/\/legalblog.ie\/wp-json\/wp\/v2\/media?parent=12927"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/legalblog.ie\/wp-json\/wp\/v2\/categories?post=12927"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/legalblog.ie\/wp-json\/wp\/v2\/tags?post=12927"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}