Wednesday 19 June 2019

Large taxpayers question benefits of scheme

 

Revenue seized more than €33m worth of drugs in 2018. Photo: Tom Burke
Revenue seized more than €33m worth of drugs in 2018. Photo: Tom Burke
Samantha McCaughren

Samantha McCaughren

A new version of the Co-operative Compliance Framework (CCF) aimed at large companies is bringing more attention to their tax affairs, say taxpayers who have joined the system.

When it was overhauled in 2017, Revenue said benefits included a dedicated case manager and fewer audits. So far 111 groups have joined the CCF, which represents around 25pc of large cases.

Accountants have told Revenue that some groups believe that they are subject to greater scrutiny as a result of opting into the CCF and have questioned their decision to participate in the framework.

However, Revenue does not agree that groups within the CCF are subject to greater scrutiny than those outside the framework.

Revenue intends to review its effectiveness and will discuss issues with tax practitioners this year.

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