Course Details

Taxpayers and practitioners need to be au fait with the direction of travel as regards Revenue compliance interventions. There has been a significant increase in the number of Level 2 interventions in recent months and a noticeable change in the nature and depth of those interventions.

 

Familiarity with the Revenue Code of Practice for Compliance Interventions is essential for any accountant or tax advisor particularly in light of the risk involved for both themselves and their clients. The level of preparation required has increased in light of the wide range data and audit techniques now available to Revenue auditors.

 

Jim Kelly will cover the following topics during this session:

 

• Review of current Revenue structure and activity including comment on recent developments in TAC

• Overview of the current Compliance Intervention Framework and possible changes

• Outline of options with regard to qualifying disclosures and how best to protect you and your client

• Overview of Revenue sanctions being interest, penalties and publication rules

• Finalising Revenue interventions and how best to regularise tax defaults

 

By attending this session, you will gain insights into the current Revenue Code and areas of current interest to Revenue. You will gain an understanding of the implications/risks etc for yourself and/or you client. The information will assist you to manage the risks associated with being selected for a Revenue intervention and will inform on best ways to prepare for an intervention/audit.

 

The webinar will look at current areas of activity and projects that Revenue are interested in as well as some recent TAC decisions affecting Revenue attitude in certain areas. It will also update on any recent changes to the Code.

 

Course Level: Advanced

CPD Course Speaker

Grant Thornton

Jim Kelly

Jim joined Grant Thornton in 2003. He has over 25 years’ experience in all areas of Irish taxation having spent 10 years with the Revenue Commissioners and subsequently working as a director of taxation with PKF Dublin which merged with Grant Thornton in 2003.

Jim is an experienced professional having dealt with all aspects of Irish taxation including personal taxation, corporate taxation, Relevant Contracts Tax, retirement and estate planning, group reorganisations, international tax issues, intellectual property structuring and preparing for and negotiating Revenue audits. He has extensive experience in advising international and domestic organisations involved in manufacturing, construction and retail.