Revenue Code Of Practice Audit
Why has the code been updated.
Revenue code of practice audit. The revised code is effective from 16 october 2019. Finalisation of a revenue audit 41 4 1 monetary settlement 41 4 2 basis of audit. The code of practice for revenue audit and other compliance interventions is a set of guidelines for when revenue is conducting enquiries. The code of practice for revenue audit and other compliance interventions has now been updated and is available on the revenue website under tax practitioners codes of practice.
Conditional audit settlement offers guidelines for caseworkers dealing with conditional audit settlement offers. The code of practice for revenue audit and other compliance interventions is a set of guidelines for when revenue is conducting enquiries. The intention is to establish the correct level of tax liability. 3 7 post audit years periods 37 3 8 review of cases previously audited 37 3 9 indications of a serious tax offence 37 3 10 data protection act 38 4.
It is now estimated that less than 5 of all revenue audits are selected randomly. Revenue has indicated that the revisions to the code relate primarily to paye modernisation. The revisions to the code primarily relate to paye modernisation but also include other minor changes. Code of practice for revenue audit and other compliance interventions pdf 03 mar 2017 pdf 09 aug 2019 show less.
1 1 purpose of this code of practice the purpose of this code of practice is to set out a clear fair and equitable set of guidelines to be followed by revenue taxpayers and tax practitioners in the carrying out of all revenue compliance interventions having regard to best practice and legislation. The provisions of this code of practice are not to be used unnecessarily to delay or. It covers all aspects of compliance including the types of contacts and your entitlements when we contact you. A declaration of liability or a repayment claim.
Revenue taxpayers and tax practitioners must follow these guidelines. Revenue audit a revenue audit is an examination of a tax return. A statement of liability to stamp duty or the compliance of a business with tax and duty legislation revenue audit code of practice 2010. This is because revenue are now much more targeted in selecting which taxpayers to audit.
Revenue introduced a revised code of practice for revenue audits which is effective from 14 august 2014 and significantly revises the previous 2010 revenue audit code. Code of practice for revenue audit and other compliance interventions 2019. Revenue taxpayers and tax practitioners must follow these guidelines. The code of practice for revenue audit and other compliance interventions has been updated.
The code sets out in detail the guidelines to be followed by revenue taxpayers and tax practitioners during a compliance check to ensure fairness and compliance with the law in relation to all taxes and duties.