Tax investigation and non publication of settlement

Client R was referred to BMOL Partners. He was in the service business and his largest client was the public sector. He was in the middle of a Revenue audit when the Revenue pointed out that the accounts supplied by his previous accountant varied considerably from the accounts filed with his tax return.

The client had overly relied on his previous accountant and was aghast at situation he was finding himself in. The Revenue audit had uncovered differences that were substantial when interest and penalties were included. Revenue informed the client that the settlement would be subject to publication.

BMOL Partners argued successfully that the client had relied on his previous accountant to prepare and file his returns and that he was genuinely unaware of the issue. The settlement was not published.