Monday 29 May 2017

Taxing times ahead - for all

THE Revenue Commissioners are preparing to cast the net even wider in efforts to catch people who are cheating on their taxes.

In January, the tax officials will do some serious study of the property tax returns and compare them against their data for income tax, PRSI returns as well as social welfare claims. It will be an all-out effort to spot inconsistencies and they believe it will flush out some tax cheats and increase the rate of compliance.

Like most things to do with taxation, this is not the most pleasant of prospects. It will worry those who have either wilfully given wrong information, or who may have made a mistake.

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