Revenue moves on tax avoidance

The Revenue has initiated a consultation on the mandatory disclosure of tax-avoidance schemes by those who promote such structures.

The consultation reflects the inclusion of a provision in the Finance Act allowing for a mandatory disclosure scheme.

Revenue has invited comment on the issue, but has also outlined specific questions in relation to areas such as proportionality, time limits and how schemes should be described.

Further details are available on www.revenue.ie, with all comments to be received by September 15th.