Recently, the media reported that the Revenue is conducting a widespread ‘compliance’ exercise. The companies being targeted are those who have not made returns in recent years – up to 2021.
The exercise will have the duel purpose of ‘tidying up’ the register and encouraging otherwise compliant businesses to get their tax affairs up to date.
It should be noted that non compliant companies are not eligible to apply for and obtain state aids to business and additionally late filings may lead to restriction of other tax reliefs or benefits.
We, at O’Boyle + Associates, are highlighting to individuals and businesses who may have been tardy with their returns that keeping up to date with revenue returns is critical.
If you are in doubt about your situation with revenue and require expert advice contact us here at O’Boyle + Associates.