Finance Dublin Roundtable No. 19


Finance Dublin Roundtable No. 19

Revenue Audits

What is the difference between a revenue “query”, which falls short of an audit and an audit? What should a taxpayer due in response to a “query”. What should a taxpayer do in response to a notification of revenue audit, or investigation?

Julia Considine and Jonathan Ginnelly at Deloitte say that a Revenue “query” is generally referred to as an Aspect Query. An Aspect Query is a request for information by Revenue in relation to a particular risk identified. This type of query can be dealt with via correspondence such as e-mail, letter, telephone or visit.

A Revenue Audit, on the other hand, is an examination of the figures included in a tax return against the figures shown in an individual’s/company’s records.

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